UNIVERSITY OF THE VIRGIN ISLANDS BOARD OF TRUSTEES R LUT Purpose To increase the graduation fee for 1993-94 from $25 to $50. WHEREAS, graduation fees have historically been set at a level to cover costs of graduation regalia, diplomas, and invitations, and WHEREAS, the University has decided to purchase retainable regalia for graduates rather than to maintain a supply of such regalia, and WHEREAS costs for invitations and diplomas have risen in recent years, and WHEREAS graduation fees have been held at the same rate for seven years NOW THEREFORE BE IN RESOLVED: ia That the Board of Trustees of the University hereby authorizes and approves the increase in the graduation fee from $25 to $50 for the 1993-94 academic year. 2. That the Board of Trustees authorizes the President to take the necessary action to implement the foregoing change in fees. CERTIFICATION The undersigned does hereby certify that the foregoing is a true and exact copy of a resolution of the Board of Trustees of the University of the Virgin Islands adopted at its meeting on Saturday April 3, 1993, as recorded in the minutes of said meeting. Ondie Kier 4/3/93 Secretary of the Board Date