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Recommendations on the use or allocation of these funds will be presented at the September meeting.

[[underlined]] Fiscal Year 1986: [[/underlined]] Federal estimates for fiscal year 1986 have been adjusted to reflect the final budget as submitted to the Congress in January. Changes were made to the Salaries and Expenses request primarily due to uncertainties regarding equipment for the Museum Support Center. The restoration and Renovation of Buildings request was increased for construction projects at the Tropical Research Institute. As forecast in January, Federal Grants and Contracts and associated overhead recovery have been decreased due to the reduction and delay in funding for several NASA-funded projects at the Astrophysical Observatory. Preparation of the 1986 trust budget is just beginning.

[[underlined]] Other Matters: [[/underlined]] An agreement has been completed with Sotheby's for the auction in June 1985 of the Rolls Royce donated to the Cooper-Hewitt by John Lennon and Yoko Ono. The estimated sales price is between $200,000 and $300,000. Proceeds from the sale will be applied to the Cooper-Hewitt capital campaign.

The Secretary has authorized an advance of $300,000 to the National Air and Space Museum to test further the potential for an Air and Space magazine edited for a general audience. The test will be conducted under the auspices of the [[underlined]] Smithsonian [[/underlined]] magazine staff.

[[underlined]] Secretary's Report [[/underlined]]

Secretary Adams presented a number of topics which were quite tentative or of rather recent origin as the business of the Institution and which were therefore not reflected in the status reports and other agenda papers distributed in advance of the meeting.

Mr. Adams reminded the Regents of the Smithsonian's interest in working with the National Academy of Sciences to establish a National Science Resources Center to reinvigorate the teaching of science and mathematics in the nation's schools. They reported on a recent planning conference at the National Academy where it was learned that the previously cited unmet needs in science education are becoming increasingly acute. It also surfaced at the conference that there is high interest in the Center from both the corporate side and the education section of the National Science Foundation. The Center would not undertake the development of new curricula but would rather test new ideas and disseminate innovations to enhance existing curricula. It would have the dual objectives of trying to increase the amount of science education being offered in the schools and to inspire excellence in science and math for the relative handful of extremely promising young students. The Secretary thought this would be an important form of outreach with which the Smithsonian should be associated.

Mr. Adams reported that a high-level committee is being formed to assist in the Cooper-Hewitt Museum's capital campaign for $11.5 million. The committee has attracted the participation of six members of the National Board of Smithsonian Associates among others. In the meanwhile, legislation has been introduced in the House and the Senate
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