March 23-24, 2000

 

ITEM 106-1004-R0300       Revised Project Authority, Center For Student Success, Series E 1998 Facilities Improvement And Refunding Revenue Bonds; The University Of Montana - Missoula

 

THAT:                                    The Board of Regents of the Montana University System authorizes The University of Montana to increase the project authority for Center for Student Success at The University of Montana from $2,000,000 to $2,100,000.

 

EXPLANATION:                  On May 21, 1998, the Board of Regents approved a Center for Student Success as a project funded by the Series E 1998 revenue bonds.  The increase of $100,000 is due to 12% construction inflation increase on bids received March 7, 2000.   Auxiliary funds will be available for the increase in the project budget for the Center for Student Success.