THAT: The Board of Regents of the Montana University System authorizes The University of Montana to deliver to the Trustee for the Series C 1995 Facilities Acquisition and

Improvement Revenue Bonds of The University of Montana a Certificate of Completion for the Research Facility-missoula project.

EXPLANATION: Section 5.01(c) of the Indenture of Trust for the Series C 1995 Facilities Acquisition and Improvement Revenue Bonds provides that, within 90 days after the completion of each project, The University of Montana, on behalf of the Board of Regents, shall deliver a Certificate of Completion to the Trustee. The certificate must confirm completion of the project in accordance with the plans and specifications and that the project has been fully paid for and no claim or claims exist against the Board.

ATTACHMENT: Draft of the certificate executed upon approval of the Board of Regents.