UA-R-GC-1914-01-01-1982-05-27_Page-025

Executive Committee -2- May 27, 1982 2. To secure an appropriation under the AID Economic Support Fund for Egypt. 3. To secure an allocation from the LE "Special which is accumulating (now about LE 200 million) gifts to Egypt. However, Egypt, and apparently these funds as Egyptian. Project Account" from commodity the U.S., regard 4. To secure an allocation from LE Currency Use Payments which are now producing about LE 10 million a year from Egypt. These are U.S. funds but are currently fully used and an allocation to AUC would require OMB and Treasury agreement. The Executive Committee decided that with AID, the Embassy, and other determine the most appropriate option Trustees would consider the most assist. Dr. Pedersen, in discussions relevant authorities, should to pursue. At that point, the effective ways for the Board to 5. The Committee was generally pleased with the movement of the development campaign. Dr. Pedersen said that he felt that that Egyptian campaign was moving very well. The Egyptian Government's decision to permit gifts to AUC to be tax deductible (up to 7~ of the donor's income) will assist the fund raising efforts. Dr. Mostafa Khalil will be heading the effort to raise funds from public sector companies, with the approval of President Mubarak. Mr. Fuad Sultan is actively solicitng funds from the private sector joint-ventures. Mr. Niazi Mostafa is handling the Egyptian private sector. Mr. Hedlund and Dr. Pedersen briefed the Committee on respective trips to Houston and Minneapolis. their 6. The Committee discussed the development of the new Engineering Program. As a result of the discussion in the Engineering Committee, it was agreed that because of the unexpected increase in the cost of installing mechanical engineering, the cost of implementing the electrical and chemical options would be studied more carefully. Because computer science would involve more modest start-up costs, it was decided to initiate it next fall, provided it passes the Academic Board. Electr ical engineer ing would be . next; and chemical engineering, the most expensive of the three engineering tracks, would be delayed for the time being. 7. At this point the Committee went into executive session and afterwards adjourned. * * * *