The regents approved the appointments of Dr. Her-yuan Chen and Dr. Thomas Engler as assistant professors of petroleum engineering. In light of lack of general appropriations act at this time, the regents approved a tuition increase not to exceed two percent above the credit taken by the state for tuition. Wavrik cast the dissenting vote. The fee will be set after Vice President Denny Peterson meets with students to discuss the level of health care students are willing to pay for. Financial Summary Peterson reviewed the July 1998 through February 1999 financial summary, which shows the university to be in a good position financially.
Revenue is ahead of projections, and expenditures are within budget.
After extended discussion, the board authorized a continuing resolution to use the budget from the current fiscal year as next year's budget until the legislature again passes and the governor signs a General Appropriation Act during the coming special session. The discussion focused on possible reallocation of resources to advance the Strategic Plan. Horn expressed concern that if budget adjustments were not made at this time, no significant progress would be made until the following fiscal year. The board instructed the vice presidents and division directors to submit a reallocated budget to reflect efforts necessary to support the goals of the Strategic Plan. The board was informed that students in the Rural Border Training Program would be housed at Socorro's Holiday Inn until new housing could be built for them on campus.