LSU Board Receives Economic Study Results, Approves LIFT Fund at January Meeting

01/31/2014 04:12 PM

BATON ROUGE – The LSU Board of Supervisors held their first meeting of 2014 on Friday, Jan. 31, at the University Administration Building on campus. The meeting featured a report from the president’s committee on intellectual property and technology transfer at LSU, along with suggested amendments to board regulations and the creation of the LSU LIFT Fund to better advance innovation arising from university research.
 

“We do think that our faculty will benefit greatly from this fund,” said LSU President and Chancellor F. King Alexander. “This will help the process of getting ideas out of this campus and out into the community, something that benefits everybody.”
 

“There is a culture change at work here,” said Board Member Hank Danos. “We have to be ahead of that change here at LSU.”
 

For more information on the LSU LIFT Fund, visit http://www.lsu.edu/ur/ocur/lsunews/MediaCenter/News/2014/01/item68160.html.
 

The board was also presented with a study on LSU’s economic impact on Louisiana by university professors Stephen Barnes and Dek Terrell of the E. J. Ourso College of Business. Their findings include a total of $3.9 billion in impact to the state, including some 36,757 jobs.
 

More information on the economic study is available at http://www.lsu.edu/ur/ocur/lsunews/MediaCenter/News/2014/01/item68268.html.
 

Additonally, the board bid farewell to Assistant Vice President for System Relations Robert Rasmussen, who will be retiring from LSU after 40 years of service.
“It has been an honor and it has been a privilege to serve you,” Rasmussen said to the board. “It has been the most important thing in my professional life…God Bless this board, God bless LSU and go Tigers.”
 

The board also approved re-naming LSU’s Department of Construction Management the “Bert S. Turner Department of Construction Management,” in honor of the LSU alum, donor and former member of the board, who passed away in 2008. For more information, visit http://www.lsu.edu/ur/ocur/lsunews/MediaCenter/News/2014/01/item68269.html.
 

Other actions taken by the board include:
 

  • Establishment of the Dr. Joseph D. Martinez Professorship in the School of the Coast and Environment.

  • Establishment of the Joanne Lyles White Endowed Professorship in Education at LSU at Alexandria.

  • Approval of the following endowed professorships at LSU-Shreveport:

    • The LSU-Shreveport Museum of Life Sciences Endowed Professorship in the College of Sciences; and

    • The Max and Jasmine Morelock Endowed Professorship in Chemistry in the College of Sciences.

  • Approval of the following endowed scholarships at LSU at Alexandria:

    • Elder Care Administration Endowed Scholarship for First Generation College Students;

    • 2012 Endowed Scholarship for First Generation College Students;

    • The Arnold Aubert Vernon Endowed Scholarship No. 1 for First Generation College Students;

    • The Arnold Aubert Vernon Endowed Scholarship No. 2 for First Generation College Students;

    • The Arnold Aubert Vernon Endowed Scholarship No. 3 for First Generation College Students;

    • The Arnold Aubert Vernon Endowed Scholarship No. 4 for First Generation College Students; and

    • The Arnold Aubert Vernon Endowed Scholarship No. 5 for First Generation College Students;

  • Approval of a schematic design for a new residential facility, which will house 400 students, at the Hart Parking Lot on campus.

  • Approval of the reallocation of excess bond proceeds from completed projects to fund the design and construction of renovations to Evangeline Hall and a new Greek house on campus.

  • Approval of an agreement with the Tiger Athletic Foundation for creation and use of temporary parking spaces.

Billy  Gomila 
LSU Media Relations
225-578-3867
bgomila@lsu.edu

Posted on Friday, January 31, 2014