The official minutes of the University of South Carolina Board of Trustees are maintained by the Secretary of the Board. Certified copies of minutes may be requested by contacting the Board of Trustees’ Office. Electronic or other copies of original minutes are not official Board of Trustees' documents.

The Executive Committee of the University of South Carolina Board of Trustees met on Monday, December 16, 2002 at 10:05 a.m. in the Carolina Plaza Board Room.

Members present were: Mr. Mack I. Whittle, Jr., Chairman; Mr. Herbert C. Adams; Mr. James Bradley; Dr. C. Edward Floyd; Mr. William C. Hubbard; and Mr. Michael J. Mungo. Other Trustees present were: Mr. Arthur S. Bahnmuller; Mr. Samuel R. Foster, II; Mrs. Helen C. Harvey; Mr. Toney J. Lister; Mr. Miles Loadholt; Mr. John S. Long; Mr. Robert N. McLellan; Mr. James A. Shuford, III; Mr. M. Wayne Staton; and Mr. Othniel H. Wienges, Jr.

Others present were: President Andrew A. Sorensen; Secretary Thomas L. Stepp; Executive Vice President for Academic Affairs and Provost Jerome D. Odom; Vice President and Chief Financial Officer Richard W. Kelly; Vice President for Information Technology and Chief Information Officer William F. Hogue; Vice President for Human Resources Jane M. Jameson; Vice President for Student and Alumni Services and Interim Vice President for Development Dennis A. Pruitt; Interim Vice President for Research and Dean of The Norman J. Arnold School of Public Health Harris Pastides; Vice Provost and Executive Dean for Regional Campuses and Continuing Education Chris P. Plyler; Chancellor of USC Aiken Thomas L. Hallman; Chancellor of USC Spartanburg John C. Stockwell; Dean of USC Beaufort Jane T. Upshaw; Dean of USC Lancaster John Catalano; Dean of USC Salkehatchie Ann Carmichael; Dean of USC Sumter C. Leslie Carpenter; Legal Counsel Walter (Terry) H. Parham; Assistant Treasurer Susan D. Hanna; Dean of the Graduate School Gordon B. Smith; Dean of the Moore School of Business Joel A. Smith; Dean of the College of Education Les Sternberg; Dean of the College of Hospitality, Retail, and Sport Management Patricia G. Moody; Dean of the College of Nursing Mary Ann Parsons; Interim Dean of the College of Social Work Leon Ginsberg; Associate Dean for Academic Affairs, The Darla Moore School of Business, Rodney L. Roenfeldt; Director of the Office of Budget William P. Bragdon; Director of Facilities Planning and Construction and University Architect Charles G. Jeffcoat; Director of the Extended Graduate Campus, Graduate School, Aileen C. Trainer; Assistant to the Vice President, Office of Business and Finance, Ken Corbett; Director of Planning Services, Facilities Planning and Construction, Donna Collins; Trustee Emeritus Charles E. Simons, III; Retiring faculty members: Gerald L. Euster and John T. Gandy of the College of Social Work, and Charles F. Kovacik, Lisle S. Mitchell and Nancy S. Thompson of the College of Liberal Arts; Director of Periodicals, University Press, Chris Horn; Chairman of the Lancaster County Commission for Higher Education W. L. McDow; Religious Counselor, Hillel Jewish Counselorship, Bernard L. Friedman; and Director of the Office of Public Affairs Russell McKinney.

Chairman Whittle called the meeting to order and invited Board members to introduce themselves. Mr. McKinney indicated that no members of the media were in attendance. Chairman Whittle stated that notice of the meeting had been posted and the press notified as required by the Freedom of Information Act; the agenda and supporting materials had been circulated to members of the Committee; and a quorum was present to conduct business.

There was a personnel matter regarding a title change for a USC Beaufort campus executive as well as a Columbia campus contractual matter which were appropriate for discussion in Executive Session. Chairman Whittle called for a motion to enter Executive Session. Mr. Bradley so moved, and Dr. Floyd seconded the motion. The vote was taken, and the motion carried.

The following persons were invited to remain: Dr. Sorensen, Mr. Stepp, Dr. Odom, Mr. Kelly, Dr. Pruitt, Ms. Jameson, Mr. Parham, Dr. Plyler, Dr. Pastides, Mr. McKinney, Ms. Tweedy, and Ms. Stone.

Return to Open Session

1. Stadium Athletics BANS Resolution:
   Chairman Whittle recognized Mr. Kelly who stated that during a review of the refinancing of the bond resolutions the previous year, a defeasance schedule had been discussed. He indicated that this Athletics BANS resolution request represented the first phase of that process. Currently, the University had secured $9.4 million of BANS for stadium expansion.

   The University was proposing for Executive Committee approval the reissuing of up to $9.4 million of BANS; this amount would be reduced by $1.315 million and the interest owed on the initial $9.4 million BANS. Therefore, Mr. Kelly anticipated that the BANS would be reissued in the amount of $8,085,000. He stated that this procedure was in accordance with the financing schedule which had been presented to the Executive Committee for the current term.

   Mr. Mungo moved approval of the Stadium Athletics BANS Resolution which would authorize the reissuing of up to $9.4 million of Athletics BANS. Mr. Bradley seconded the motion. The vote was taken, and the motion carried.

2. Arena Athletics BANS Resolution:
   Mr. Kelly explained that currently outstanding was $7 million of BANS for the arena which the University was requesting Executive Committee approval to reissue. Of that amount, the University would pay $860,000 to reduce the indebtedness and an additional $175,000 of interest; therefore, it was anticipated that these BANS would be reissued in the amount of $6,140,000. This request was in accordance with the schedule which had been presented to the Executive Committee for reducing the arena debt.

   Mr. Mungo moved approval of the Arena Athletics BANS Resolution as presented. Mr. Bradley seconded the motion. Responding to Mr. Mungo's question regarding the source of the $860,000, Mr. Kelly stated that various athletics' resources had been used; to date, no arena revenue had been specifically applied toward the reduction of this debt.

   The vote was taken, and the motion carried.

3. Other Matters:
   Fee Change Request for Technical College Teachers:
   Chairman Whittle recognized Dean Sternberg who stated that the Graduate Certificate in Higher Education Leadership program had been developed collaboratively with the technical colleges in South Carolina. Made up of six courses offered during a two-year period primarily through Distance Education, this certificate program had been established to advance the knowledge and competencies of professionals in the technical colleges. It was anticipated that a majority of the graduates would utilize this certificate as a link to either a master's degree or a Ph.D. degree at the University.

   Dean Sternberg indicated that this fee change request was based on the belief that technical school leaders performed at the same level as public school teachers as well as an underlying desire to increase collaboration and cooperation between the University and technical colleges.

   Mr. Bradley moved approval of the Fee Change Request for Technical College Teachers as described in the materials distributed for the meeting. Mr. Mungo seconded the motion. The vote was taken, and the motion carried.

Since there were no other matters to come before the Committee, Chairman Whittle declared the meeting adjourned at 10:35 a.m.

Respectfully submitted,
Thomas L. Stepp
Secretary