June 12, 2002

TO: MEMBERS OF THE STATE BOARD OF HIGHER EDUCATION

A regular meeting of the State Board of Higher Education will be held on Friday, June 21, 2002. Prior to this meeting, the Board's Budget and Finance and System Strategic Planning Committees will convene. The Committees will also meet jointly prior to the full Board meeting. On Thursday, June 20, 2002, the Board's Investment Committee will meet. All meetings will take place in Portland, Oregon, in accordance with the times, locations, and schedules listed below.

On Thursday, June 20, 2002, a reception will be held at 5 p.m. and a dinner will be held at 7 p.m. at the Portland University Club. No Board business will be conducted at these social gatherings.

Thursday, June 20, 2002
3-5:30 p.m. Investment Committee
Offices of R. V. Kuhns & Associates
805 SW Broadway, Suite 2200
(Fox Tower Building-corner of Broadway & Yamhill)
Portland, Oregon

The Committee will hear the Investment Manager report and the second and third quarter investment reports for FY 2002; discuss investment management options; and take action on changes to Internal Management Directives pertaining to investment management.

Friday, June 21, 2002
8-8:30 a.m. Budget and Finance Committee
Rooms 327/8/9, Smith Memorial Student Union
Portland State University

The Committee will take action on the UO Many Nations Longhouse Project - expenditure limitation revision and consent to items regarding FCC licensing policy and procedure; an OSU parking lot easement; and the OSU Quarterly Financial Report.

8-8:30 a.m. System Strategic Planning Committee
Room 238 (Browsing Lounge), Smith Memorial Student Union
Portland State University

The Committee will hold a discussion on the Strategic Planning Update.

8:30-11 a.m. Joint Budget and Finance/System Strategic Planning Committee
Rooms 327/8/9, Smith Memorial Student Union
Portland State University

The Committee will take action on Biennial Budget Priorities, 2003-2005; and discuss the financial aid/tuition overview and the Capital Construction Budget Request, 2003-2009.

11-11:30 a.m. Board meeting
Rooms 327/8/9, Smith Memorial Student Union
Portland State University

The Board will ratify action from the May Executive Committee meeting regarding the purchase of property-Ione Plaza (PSU) and take action on recommended Committee items.

Telephone messages for Board members and institution officials attending the meetings may be called at (503) 725-4442. If special accommodations are required, please contact the Board's office at (541) 346-5795 at least 72 hours in advance. All docket materials are available on the OUS website at http://www.ous.edu/state_board_home.html.

Cordially,


Diane Vines
Secretary of the Board