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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
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            "text": "ACTION ITEM 3Avi",
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            "text": "Approval of payment for Fire & Tornado Insurance"
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            "text": "The university insures its property through the Finance and Administration Cabinet, Division of State Risk. This is an annual policy with effective dates of July 1, 2025 – June 30, 2026."
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            "text": "BUDGETARY IMPLICATIONS:",
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            "text": "The annual premium is $1,317,071.44. In the 2024-2026 biennial budget bill, the university received an appropriation of $822,000 to partially cover this expense. The remainder will be paid from the University's E&G budget."
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            "text": "Dr. Koffi C. Akakpo recommends the Board of Regents approve the payment for the Fire & Tornado insurance annual premium."
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            "text": "Approve payment for the insurance premium."
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