Action: Motion was made to approve the Investment Signature Authority to include the President, Vice President of Finance Administration and the Associate Vice President of Business Operations. The signature authority requires the signatures of two of the occupants of those positions for investment transactions. The motion was made by Regent Williams and seconded by Regent Lysonge. The motion passed, 9-0.
Action: Motion was made to convene a closed session to discuss personnel matters, pending litigation and property acquisition pursuant to the Kentucky Open Meetings Act. The motion was made by Regent Williams and seconded by Regent Haskins. The motion passed, 9-0.
The Board reconvened in Open Session. The Board took no action in Closed Session. No action was taken.
Action: Motion was made to nominate Mr. Raymond M. Burse as Interim President of Kentucky State University by Regent Whitehead and seconded by Regent Haskins. The motion passed 8-1. Regent Williams voted “no.”
Action: Motion was made to adjourn the Board meeting by Regent Williams and seconded by Regent McFayden. The motion passed 9-0.
The meeting adjourned at 5:25 p.m.
Submitted by:
Lori A. Davis, Secretary
Karen W. Bearden, Chair
General Counsel Board of Regents
Kentucky State University
Kentucky State University
Approved with no corrections Board of Regents
KAD
___ Approved with corrections