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Show U. Regents Assured Of Financial Accord University of Utah Board of Regents this week was assured that the University and state officials of-ficials will reach an agreement over handling of money received by the University for research. W. J. O'Connor, chairman of the board of regents, said that the agreement would be reached by the April 1 deadline set by the board of examiners. Mr. O'Connor said a meeting between officials of the University Univer-sity and the state is expected to be held not later than March 10. The matter came up when Dr. A. Ray Olpin, university president, presi-dent, said he felt Salt Lake area newspapers had clarified the issue of non appropriated funds. He said it was the intention of university officials to work out an agreement with the state treasurer and auditor "that will be feasible, meet conditions of the law and terms of the contracts con-tracts under which the money is received." The board was informed by Secretary of State Lamont F. Toronto, an ex-officio member of the board, that the board of examiners ex-aminers expects the university to make an honest effort to comply com-ply with the state auditor that such funds be deposited with the state treasurer. The state auditor recently informed in-formed the university that unless un-less the funds were deposited with the treasurer within 60 days all funds for the university were to be cut off including money to pay Dr. Olpin's salary. Dr. Olpin pointed out that the money in question is not appropriated appro-priated by the Legislature, but is given by outside agencies under contract to support various research re-search projects. He said any plan worked out for handling the money must meet terms of the various contracts. con-tracts. "We must consider this so we won't run the risk of drying up these sources of revenue," said Dr. Olpin. |