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VOTED that the Board of Regents approves the Smithsonian Institution budget for fiscal year 1980 for presentation to the Office of Management and Budget in September 1978.

[[underlined]] Five-Year Perspective:  Income and Expenditure Projections [[/underlined]]

Budget projection supporting five-year perspective review indicated no major programs contemplated.  Narrative document not to be transmitted at this time.

VOTED that the Board of Regents approves the submission of the projected federal and trust fund income and expenditures for fiscal years 1980 to 1984 as requested by the Office of Management and Budget and by the Senate and House Appropriations Subcommittees, to be used in conjunction with the fiscal year 1980 appropriation request. 

[[underlined]] Nonappropriated Funds Policy [[/underlined]]

Policy statement on Use of Nonappropriated Funds revised in accordance with views expressed by Regents.  Subsequent review and concurrence received from Regents.  Resolution approved:

VOTED that the foregoing statement of use of nonappropriated funds shall be transmitted to the Office of Management and Budget, and the Committees on Appropriations of the House of Representatives and the Senate. 

[[underlined]] Transfer of NASM Lindbergh Chair Funds [[/underlined]]

Financing for Lindbergh Chair of Aerospace History to be obtained from net revenues from the National Air and Space Museum shop and cafeteria.  Resolution approved as follows:

VOTED that the Secretary is authorized to establish, as a part of the Institution's endowment funds, a designated fund to be known as the Lindbergh Chair of Aerospace History Endowment; that the transfer into this endowment fund of monies currently set aside for this purpose is authorized; and that such further transfers as may be possible from National Air and Space Museum discretionary trust funds into this endowment fund may be made, until the principal attains a level of $900,000.