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expenditure shall be made only with approval of the Board of Regents or its Executive Committee.

The staff is designing a program to enroll lifetime members in the James Smithson Society, whose membership would be funded through an endowed gift sufficient to generate the approximate amount of an annual membership (currently $2,000).  The endowment would continue to yield unrestricted funds for the Institution in perpetuity. It was

VOTED that the Board of Regents authorizes the Secretary to establish, as part of the Institution's Endowment funds, a true unrestricted Fund to be known as the James Smithson Society Fund and to authorize the transfer of the unrestricted monies identified for this purpose to that endowment.

The Cooper-Hewitt Museum has several gift funds for acquisition of collections. It was proposed to convert these current funds into an endowment fund, and it was

VOTED that the Board of Regents authorizes the Secretary to establish, as part of the Institution's Endowment funds, a quasi-restricted fund to be known as the Cooper-Hewitt Acquisitions Fund and to authorize the transfer of the restricted monies identified for this purpose to that endowment.

The following chart summarizes Congressional action to date on the Institution's request for fiscal year 1992 appropriations.

[[5 column table]]
| Account | FY 1991 (000's) APPROP. | FY 92 Budget (000's) REQUEST | FY 92 Budget (000's) HOUSE MARK | FY 92 Budget (000's) SENATE MARK |
| --- | --- | --- | --- | --- |
| Salaries & Expenses | $272,883 | $292,450 | 286,269 | $271,982 |
| Repair & Restoration | 31,191 | 31,600 | 27,710 | 24,695 |
| Zoo Construction | 6,636 | 8,000 | 8,000 | 7,975 |
| Construction |   |   |   |   |
|  -Old General P.O. Bldg. | 0 | 1,700 | 1,700 | 1,700 |
|  -Museum of Amer. Indian | 7,391 | 2,400 | 2,400 | 2,400 |
|  -Nat. Hist. - East Court | 1,492 | 15,000 | 10,000 | 10,000 |
|  -STRI | 1,542 | 0 | 0 | 0 |
|  -Alterations/Modifications | 3,987 | 5,000 | 5,000 | 4,952 |
|  -Construction Planning | 995 | 1,000 | 1,000 | 250 |
| TOTAL | $326,117 | $357,150 | $342,079 | $323,953 |
[[/table]]

The Institution plans to appeal several matters to the Conference Committee, including the Smithsonian's share ($9.1 million) in a general reduction to the Interior and Related Agencies and specific reductions in global change research, construction planning, the National Museum of the American Indian,

Transcription Notes:
latter portion of the word "administrative" is included on previous page transcription.