Students may choose to live in available university
residence halls, university apartments, fraternities, sororities, or
Board encourages the directors of the university residence systems to
meet regularly to exchange information and to discuss policies,
practices, and procedures.
Prior to the approval of changes in room and board
rates, the universities are to provide the following to the Board:
reports that provide detailed
information on various aspects of the residence systems for the previous
fiscal year and include the most current residence system information
such as enrollments, occupancy, and financial and bonding data.
plans that provide projected trends in total enrollment, housing design
capacity, housing occupancy, and occupancy ratios, capital renewal
plans, and financial forecasts for the next decade.
Each residence system is expected to operate its
system on a revenue-producing basis, and use and apply its resources
maintenance of occupancy and rental rates in university housing must be
consistent with the bond covenants for outstanding dormitory bonds. The
covenants for bonds require the Board and the institutions to keep the
facilities in good repair, working order, and operating condition.
As part of each university’s proposal to the Board
for increases in room and meal rates, the universities are required to
fully explain all proposed changes to the residence system rate
structures and provide a preliminary budget based on the proposed rates.