AUSTIN – The Board of Regents of The University of Texas System will meet Wednesday and Thursday, December 9 - 10, 2009 in Austin.

On Wednesday, the meeting will take place on the 9th floor of Ashbel Smith Hall, 201 W. 7th Street. Out-of-town reporters may view the open sessions of the meeting via a live webcast (WEDNESDAY).

Parking for the news media will be available at the guard kiosk on Colorado Street between 7th and 6th Streets.

The Agenda Book for the meeting is available online.

The Board will convene in open session at approximately 10:00 a.m.; agenda items include:

• Approval of proposed appointment of Regent Printice L. Gary to the Audit and Ethics Committee of The University of Texas Investment Management Company (UTIMCO)
• Allocation of $7 million of Available University Funds each year for three years to UT Austin for the support of excellence
• Approval of $5 million from Permanent University Fund (PUF) Bond Proceeds to establish the Regents’ Health Research Scholars Program
• Approval of $5.5 million of Permanent University Funds (PUF) to establish the Revenue Cycle Loan and Grant Programs

The Board will recess into executive session at approximately 10:45 a.m. to discuss legal issues, negotiated gifts, real estate and personnel matters, including discussion and appropriate action regarding provisions of employment and compensation agreement for UT Austin’s Head Football Coach William Mack Brown. Any action will be taken in open session. The Board will recess at approximately 12:15 p.m.

A Presidents’ Retreat will begin at approximately 1:30 p.m. at the Vintage Villas Hotel and Conference Center, 4209 Eck Lane, Austin, Texas.

The President’s Retreat will include discussion on raising excellence in a challenging economic climate.

The retreat will adjourn at approximately 1:30 p.m. on Thursday, December 10.