Release Date: August 30, 2002
Regents Approve $62.9 Million Budget for ASU
Regents of the Texas State University System (TSUS) adopted a $62.9 million budget for Angelo State University during the board's regular meeting Friday on the campus of Sul Ross State University in Alpine.
The $62,946,039 budget is up 7.5 percent from the $58.5 million budget approved a year ago. The budget will go into effect Sept. 1.
In other fiscal matters the board approved ASU's non-formula Legislative Appropriations Request of $13.7 million for fiscal year 2004 and $13.6 million for fiscal year 2005. Regents okayed a $20 per semester credit hour graduate tuition differential fee to go into effect in the fall of 2003. They also approved graduated increases in the designated tuition fee from the current $29 per semester credit hour to $32 in the spring semester and rising to $49 per semester credit hour in the fall of 2005. Additionally, the regents okayed budget adjustments of $75,475 to the 2002 fiscal year budget.
The board also approved preliminary construction plans for a: $1.2 million Food Safety and Product Lab at the Management, Instruction and Research Center; $5 million addition/renovation of the Cavness Science Building; $3.25 million addition to the Carr Education-Fine Arts Building; and $1.09 million renovation of the Center for Human Performance.
Regents also authorized the university to enter into an agreement with American Campus Communities of Austin to develop two residence halls to house no fewer than 750 students. Additionally, the board accepted completion of construction projects to provide physical therapy lab and classroom space in the Center for Human Performance at a cost of $366,140 and to replace the roof on the West Texas Training Center at a cost of $266,592.
Board members also eliminated the master of arts in international studies degree; deleted nine courses and changed the number or title of six others; and approved routine personnel matters.
The TSUS board serves as the governing body for ASU and the other eight institutions making up the system. The other institutions are Lamar University, Lamar Institute of Technology, Lamar State College-Orange, Lamar State College-Port Arthur, Sam Houston State University, Southwest Texas State University, Sul Ross State University and Sul Ross State University-Rio Grande College.