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4. Sale of Assets to Assist Montana Students and Offset Tuition Increases:

The board charges the Associate Commissioner for fiscal affairs to compile a list of University System and University Foundation assets that could be sold and liquidated.� This compilation of assets deemed appropriate for sale would be presented in the form of an action plan for board consideration at the May meeting.� These assets might include any University or Foundation owned mansions, houses, lake property, or other land.�� Such a �one-time-only� plan also should include how the funds generated from selling these assets could be used to directly benefit Montana students.� Such direct benefit might include directly transferring the proceeds of these asset sales to existing campus financial aid programs, such as access grants, or to a permanent scholarship endowment fund.� The Associate Commissioner for fiscal affairs would have broad discretion in the formation and presentation of this plan for board consideration.

Submitted by Student Regent Hur

March 20-21, 2003