Page 2 - The Michigan Daily - Friday, May 8, 1987
Governor
expected
to veto
funding
(Continued from Page 1Y
bill allots higher education $19
million more than Blanchard
recommended. "I suspect that the
Governor will veto whatever higher
education bill the legislature sends
them," Hood said.
Hood expects the senate to
support the house budget, but
doubts it will request an increase
over what the house asked for. "I
don't think that the governor or the
legislature can afford to go much
beyond $19 million," Hood said.
The bill gives the University
$229 million for operating cost,
$10.5 million for the research
excellence fund, and $342,000 for
the Martin Luther King Jr.-Rosa
Parks Initiative - a program de -
signed to encourage minority
students and faculty to come to the
University.
The bill will also allow the
University to start a doctoral
program in applied physics.
House panel
votes to divest
A
By TED KLEINE
Special to the Daily
LANSING - The state House
Civil Rights Committee voted
unanimously Tuesday to submit
two bills for house consideration
that would require the state pension
fund to divest stocks and bonds
from companies with holdings in
South Africa.
The bills, sponsored by Rep.
Perry Bullard (D-Ann Arbor) and
Rep. Viril Smith (D-Detroit),
would require the state to sell over
$2 billion in stocks and bonds over
a five year period.
For the past five years the bills
died in the republican-controlled
Senate after passing the house by a
substantial margin.
The Senate Judiciary Committee
will begin reviewing the bills on.
May 28 and, according to an
assistant for Sen. Rudy Nichols (R-
Waterford), the committee chair, the
bills will probably clear the Senate
with some minor changes.
The University currently has
$500,000 invested in companies
that do business in South Africa.
Regents seek executive
leader for presidency
I
(Continued from Page 1)
vacancies. "It's hard to find top-
ranked people, even among Univer -
sity peers," she said.
The past four presidents have
either risen through University
ranks or been recruited from other
large Universities.
The Board of Regents will
comprise the Presidential Selection
Committee that will begin search -
ing for a replacement this summer.
Brown confirmed that university
presidents such as Arnold Weber of
Northwestern University and Frank
Rhodes of Cornell would be
considered. He added other unive -
rsity presidents would also be
considered.
"We have to look at the
University- where it is, where it
should be going, and what its needs
are," said Regent Paul Brown (D-
Petoskey) "This will help define the
type of person we're looking for."
Shapiro was chosen in 1978
after a similar evaluation of the
University's needs. According to
Regent Thomas Roach (D-Saline),
he was chosen on the basis of 19
qualifications compiled by students,
faculty, and alumni. "We thought
he was fantastic when we picked
him, and he's exceeded our
expectations," Roach said.
Shapiro's seven-year term as
president was marked by strong
economic guidance and develop -
ment. Shapiro initiated the Camp -
aign for Michigan in 1983, in an
attempt to increase alumni dona -
tions to the University.
The four-year project - running
until December 31 - has already
raised $155 million. The University
has allocated the money to student
aid, fellowship funds, and profes -
sorships as well as to building or
renovating buildings on campus.
Shapiro is also noted for his
ability to unify the administration.
Vol. XCVI-No. IS
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