• RATIFICATION OF THE APPROVAL TO ACQUIRE THE ORANGE MEDICAL OFFICE BUILDING -- Approves the acquisition of the Orange Medical Office Building, as recommended by the Executive Vice President and Chief Operating Officer, and authorizes him to execute any and all contracts or documents pertaining to this acquisition.

• STUDENT HOUSING RATES, 2000-2001 -- Approves student housing rates for the Academic Division and the University's College at Wise. The proposal calls for average housing rate increases of approximately 3.8 percent for the University Academic Division and 2.8 percent for the University's College at Wise. The proposed resolution also addresses summer 2000 housing and board rates for the Mountain Lake Biological Station in Giles County, including average rate increases of 2.7 percent for board and 2.6 percent for housing.

A. VICE PRESIDENT'S REMARKS -- Ms. Sheehy will provide an update on state budget and legislative issues affecting the University. She will report on the Governor's budget, 2000-2002 legislative amendments (both operating and capital proposals) and preliminary 2000-2001 budget assumptions. Dr. Reynolds will report on the proposal from KPMG to assess the University's network infrastructure, as requested by the Finance Committee at its October 1999 meeting.