UNIVERSITY OF THE VIRGIN ISLANDS

BUDGET RESOLUTION



FISCAL YEAR 1996-1997



(a) To authorize the President to prepare and submit fiscal year

1996-97 appropriation requests to the Governor and

Legislature of the Virgin Islands for operating, debt

service and other purposes;



(b) To authorize the carry-forward of the FY95-96 spending

plan for FY96-97 and adjustments thereto by the

Administration, based on the availability of funds, in

consultation with the Finance Committee of the Board.



WHEREAS, Act No. 6044 (Bill No. 20-0452) appropriated $21,600,000

to the University for fiscal 1994-95 in support of general

operations and legislatively mandated programs; and



WHEREAS, Act No. 6035 (Bill No. 20-0432) made provisions for the

University to receive the sum of $930,000 for the award of salary

increases to its employees in fiscal 1994-95; and



WHEREAS, the fiscal year 1994-95 Appropriation Acts remains in

effect for fiscal 1995-96 as a result of the veto by the Governor

of all FY95-96 Appropriation Acts for the Government and

instrumentalities;



WHEREAS, the above funding measures provide a total appropriation

level of $22,530,000 for the support of UVI operations as

follows:



Regular Operating Appropriation........ $18,525,809

Debt Service Appropriation............. 3,049,191

Small Business Development Center [SBDC] 300,000

Vie he rice OM aes Soe noes 5 os Seen wine 150,000

Val-and= Sal Scholarship Programi2.25:..5 240,000

National Guard Tuition Exemption....... 10,000

Sener ene Pabe LON... < . Pgs eRe 5,000

Academic and Cultural Awards Endowment.. 250,000



Budget Resolution

Fiscal Year 1996-1997

Page 4



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, March 2, 1996, as recorded in the minutes of said

meeting.



ate Secretary of the Board