Members of the public can address the board if they preregister by submitting a request to address form no later than 48 hours before the meeting, or 8 a.m. tomorrow.
President Samuel L. Stanley Jr.'s report will follow.
Assisstant Vice President for Research and Innovation appointee Doug Gage will present the gift, grant and contract report for the period of Jan. 23, 2020, through May 20, 2020, which includes 817 gifts, grants and contracts and 78 consignment or non-cash gifts, with a total value of $221,282,054.
Stephen Hsu resigned from his vice president position last Friday, and will leave the post July 1.
Dr. Jack Lipton from the College of Human Medicine will be giving a presentation on the “innovation, adaptation, and scaling up” of COVID-19 testing.
Interim Provost Teresa Sullivan will then cover personnel actions and information reports. Committee reports will follow.
The Committee on Budget and Finance is calling for the board’s approval of the 2020-21 fiscal year budget development guidelines. The fiscal year begins on July 1.
The new budget's estimated revenue and expenditures total $1,664,894,768, a drop from last year's budget.
This is how the separate sections of the university's budgets have decreased.
In addition to the university's budget, trustees could approve amending the Homer Nowlin Estate income distribution to expend resources for statewide agriculture and natural resources programs.
The new distribution will be 80% of spending policy distributions to the Homer Nowlin Chair in Water Research, 15% of spending policy distributions to the Homer Nowlin Chair in Consumer Responsive Product Agriculture, and 5% of spending policy distributions plus royalty income to the College of Agriculture and Natural Resources Dean’s discretionary account.
The BOT first authorized this fund functioning as an endowment in 1981, and the distributions have previously been amended in 2002 and 2005.
Additionally the committee is asking the board to establish funds functioning as an endowments from Stanley and Selma Hollander to provide support for the College of Arts and Letters. The initial funds to the college will be $209,058.59.
The Committee on Audit, Risk and Compliance is set to call for the board to approve the adoption of a new Settlement of Claims and Litigation policy from Vice President for Legal Affairs and General Counsel Brian Quinn.
The new policy will grant the General Counsel the authority to settle a claim or litigation for more than $750,000 with a report to and the consent of the BOT.
Settlements of any claim or litigation for more than $750,000 will be tentative and subject to a report to and the consent of the BOT, and the report and consent shall normally be sought at the next executive session of the BOT.
Additionally, they are presenting a notice of intent to negotiate contracts with Lansing Biosciences LCC. Members of the family of Department of Osteopathic Medical Specialties Assistant Professor Brett Etchebarn and Chair of the Department of Osteopathic Medical Specialties Mary Hughes, have, or can buy, an interest in the company or are officers or paid employees of the company.
They also will present notices of intent to negotiate contracts with Data Logistics, as MSU IT Information Technologist in the Services Analytics and Data Solutions unit Gina Karasek, as members of her family, have, or can buy, an interest in the company or are officers or paid employees of the company, and Associate Dean of the Graduate School Pero Dagbovie.
As negotiations progress, detailed information about proposed contracts with Dagbovie will be provided to the BOT for review in accordance with state law.
They are also seeking the approval of contract terms with BoroPharm, Great Lakes Crystal Technologies, Inc., Jolt Energy Storage Technologies LLC, National Pesticide Safety and Education Center, Jetfire Power, LLC, Inc, FibrosIX, LLC on three agreements, and MSU faculty members Adam Candeub and Hiram Fitzgerald.
The Committee of Student Life and Culture will also be giving their report.
The meeting will adjourn after Dianne Byrum delivers the chairperson's report and the other trustees comment.
Editor's note: This story was updated to reflect that Doug Gage will present to the BOT rather than Stephen Hsu, per an update from MSU officials about the recommendation of Gage to the vice president post.