University of Hawai'i
(808) 956-8856 Telephone
|For Immediate Release:||
November 16, 2001
Shawn Nakamoto, (808) 956-9095 or
|Report of Announcements Made at the November 16th University of Hawaii Board of Regents (BOR) Meeting|
LIHUE The University of Hawaii Board of Regents (BOR) held
their monthly meeting today at Kauai Community College. The following
recommendations were approved:
Lease Agreement for Office and Training Space
The BOR approved a request by the administration to enter into a three-year lease agreement with the Lawrence Lit Wai Chan and Linda Yee Wah Chan Revocable Living Trusts for the lease of approximately 3,410 square feet of office and training space at the Kopiko Plaza in Kailua-Kona for use in the non-credit training programs offered by Hawaii Community College.
Repurchase of Kauiokahaloa Iki Units
The BOR approved a request by the administration to purchase Unit 108 in Kauiokahaloa Iki from the faculty owner according to the terms described and that the administration be authorized to enter into similar repurchase agreements with the remaining three faculty owners of units in Kauiokahaloa Iki with the understanding that Board approval will be required if, upon consultation with the Board, the terms are determined to be substantially different from the repurchase of Unit 108.
New Master and Supplemental Bond Resolutions
The BOR approved a request to adopt a new master bond resolution entitled, "A Resolution Creating and Establishing a Network Consisting of a University System, Including Certain University Projects, and University Purposes, of the Board of Regents, University of Hawaii," (hereafter referred to as the 2001 Resolution) and a supplemental resolution entitled, "A Supplemental Resolution Authorizing the Exchange of $655,000 Principal Amount Outstanding of Board of Regents, University of Hawaii, University System Revenue Bonds, Series D," (the Supplemental Resolution). The 2001 Resolution would replace the existing bond resolution adopted in 1973 and authorizes the refunding of all outstanding "System Revenue Bonds" except the exchange of approximately $655,000 principal amount of System Revenue Bonds originally issued to the United States government in 1973 at the rate of 3%.
The Supplemental Resolution authorizes the exchange of a principal amount not to exceed $655,000 of Series D Revenue Bonds, with a like principal amount of Series 2001A bonds and secured under the 2001 Resolution.
Renaming of the Hawaiian Studies Program at the University of Hawaii at Manoa
At its October 2001 meeting, the Board of Regents, at the request of the administration, named the facilities housing the UH Manoa Center for Hawaiian Studies in honor of former University of Hawaii Regent, Gladys K. Ainoa Brandt. During the Boards discussions, testimonies were received expressing support for the naming of the Hawaiian Studies program in honor of Regent Emeritus Brandt. The Board subsequently directed the administration to consider this additional matter and to forward its recommendations to the Board.
At todays meeting the BOR approved a recommendation to rename the Hawaiian Studies Program at the University of Hawaii at Manoa, Kamakakuokalani Gladys K. Ainoa Brandt Center for Hawaiian Studies.
Legislative Proposals, 2002 Legislature
The BOR approved the legislative proposals to the 2002 State Legislature with the understanding that the Board must approve any substantive changes. The proposed legislative bills are designed to address identified needs and would:
Authorize the University to agree to indemnify provisions in contracts;
Appropriate funds for payment of settlement of claims;
Grant the BOR flexibility to construct and maintain University projects;
Appropriate funds for disaster public higher education programs;
Authorize the expenditure of funds from the Hawaii educator loan program; and
Exempt employees in bargaining unit 7, faculty of the UH and the community college system, from the grievance procedure.
Gifts, Grants, and Contracts
The BOR accepted a report on gifts, grants, and contracts received by the UH System during the period of September 16 through October 15, 2001. It was reported that 221 extramural awards have been awarded to the University of Hawaii system for a total dollar value of $40.3 million. Last year, 175 awards with a total value of $31.9 million were received in the same time period. This constitutes a 26% increase in the number of awards and a 27% increase in the total value.