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serve as advisors to the Smithsonian.

The Smithsonian will also seek contributions from sources other than those with Asian or African art interests, stressing the new and expanded facilities for Associate programs, the Smithsonian rare book collection, and a more public setting for the activities of the Smithsonian Institution Traveling Exhibition Service.

[[underlined]] Financial Planning [[/underlined]].  The design and construction cost of the project will be no more than $49,100,000, estimated in 1983 dollars.  A tentative Quadrangle financial plan, drawn from the [[underlined]] Five-Year Prospectus, 1981-1985 [[/underlined]], indicates that as many as five sources for support will be required in the estimated amounts which follow (and it should be noted that none of these figures is fixed or represents a commitment on the part of the Regents):

--  Smithsonian Trust Funds - $9,250,000.  The Institution's Five-Year Prospectus projects an ability to set aside $1.0 to $2.0 million per year from net revenues of auxiliary activities, for a total of $9,250,000 by FY 1985.  This estimate is based on continued success of these activities, including primarily the Magazine, and it could be adjusted to the extent that outside fund raising exceeds its projection or other priorities of the Institution require.

--  Future Parking Revenues - $6,215,000.  This anticipates that the full cost of the parking garage in the Quadrangle can be financed from future parking revenues of that facility.  Construction funds would need to be advanced as an investment from some source, which might include the Institution's Unrestricted Endowment Funds (see above, the Report of the Investment Policy Committee, p. 37).