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<div class=Section1>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>It is time to begin the process for the
second series of the equipment Master Lease Program for 2010. If your
institution is planning to participate, you are asked to provide the attached
schedule to me, by or before, September 29, 2010, listing the projects and
estimated figures. Please make preparations for the approvals need by your
governing boards for their September meetings. We will discuss the Master
Lease Program at our September 2, 2010, Council of Business Officers’
meeting.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>This will be the last series submitted for
this calendar year. Please let me know if you have any questions.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=612
style='width:459.0pt;margin-left:-.75pt;border-collapse:collapse'>
<tr height=27 style='height:20.25pt'>
<td width=323 nowrap height=27 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:20.25pt'>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The tentative schedule for this round is as follows:</span></font><font
size=5 face=Palatino><span style='font-size:16.0pt;font-family:Palatino'><o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=27 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:20.25pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'><o:p> </o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'><o:p> </o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'><o:p> </o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>Listing due to State Regents' Office<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
face=Palatino><span style='font-size:12.0pt;font-family:Palatino'> September
29, 2010<o:p></o:p></span></font></p>
</td>
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<tr height=21 style='height:15.75pt'>
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0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>State Regents' consideration<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>October 21</span></font><font face=Palatino><span
style='font-family:Palatino'>, 2010<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>Bond Oversight Application due<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>October 8</span></font><font face=Palatino><span
style='font-family:Palatino'>, 2010<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>Vendors selected, prices fixed<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>October 25</span></font><font face=Palatino><span
style='font-family:Palatino'>, 2010<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>Bond Oversight Meeting<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>October 28</span></font><font face=Palatino><span
style='font-family:Palatino'>, 2010<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>P.O.S. to printer<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>November 11</span></font><font face=Palatino><span
style='font-family:Palatino'>, 2010<o:p></o:p></span></font></p>
</td>
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<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>Bond Pricing<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>November 18</span></font><font face=Palatino><span
style='font-family:Palatino'>, 2010<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=21 style='height:15.75pt'>
<td width=323 nowrap height=21 valign=bottom style='width:242.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal><font size=3 face=Palatino><span style='font-size:12.0pt;
font-family:Palatino'>Closing<o:p></o:p></span></font></p>
</td>
<td width=289 nowrap height=21 valign=bottom style='width:217.0pt;padding:
0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p class=MsoNormal align=right style='text-align:right'><font size=3
color=navy face=Palatino><span style='font-size:12.0pt;font-family:Palatino;
color:navy'>December 9, 2010</span></font><font face=Palatino><span
style='font-family:Palatino'><o:p></o:p></span></font></p>
</td>
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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
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