July 10-11, 2003

ITEM 120-1009-R0703  Certificate of Completion, Student Recreation Center, Series F 1999 Facilities Improvement and Refunding Revenue Bonds; The University of Montana-Missoula

THAT: The Board of Regents of the Montana University System authorizes The University of Montana to deliver to the Trustee for the Series F 1999 Facilities Improvement and Refunding Revenue Bonds of The University of Montana a Certificate of Completion for the Student Recreation Center - Missoula project.

EXPLANATION: Section 5.01(c) of the Indenture of Trust for the Series F 1999 Facilities Improvement and Refunding 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 state that the project has been fully completed 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. Attached is the draft of the certificate that will be executed upon approval of the Board of Regents.

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