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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
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            "text": "ACTION ITEM E. III",
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            "text": "Approval of Bookstore Contract"
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            "text": "Follett will operate the on-campus bookstore and an off-campus “pop-up” store, providing textbooks, course materials, emblematic apparel, merchandise, and technology."
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                    "text": "Provide and maintain safe, compliant bookstore facilities, utilities, HVAC, pest control, and building services at no cost to Follett."
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                    "text": "Purchase or cause to be purchased all inventory on hand if the contract ends (except termination for cause).",
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                    "text": "Pay Follett invoices (ACCESS Program, financial aid transactions, etc.) within 30 days.",
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                    "text": "Ensure faculty provide timely and accurate textbook adoption information.",
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            "text": "Follett Responsibilities",
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                    "text": "Invest up to $50,000 in store improvements (furniture, fixtures, equipment, technology).",
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                    "text": "Maintain and staff the bookstore at industry standards, including student employment opportunities.",
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                    "text": "Provide customer-friendly policies, including refunds and price-match guarantees.",
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                    "text": "Provide insurance coverage (liability, auto, workers' comp, umbrella) and indemnify KSU for Follett's negligence.",
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            "text": "Termination & Liability",
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                    "text": "Termination for Cause or Convenience: Either party may terminate with appropriate notice.",
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                    "text": "University Liabilities if Early Termination/Non-Renewal (not for cause):",
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                    "text": "Repayment of Follett's unamortized investments (store remodeling, payments).",
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                    "text": "Funding-Out Provision: KSU may terminate without penalty if state funding is unavailable.",
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            "text": "BUDGETARY IMPLICATIONS:",
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            "text": "The University would be responsible for the collection of the Book Fees to offset the costs of ACCESS Program offered by Follett to students."
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