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60 While there are numerous problems to be solved before arriving at a definite construction and financing proposal the Regents are requested to consider and approve in principle construction of an appropriate building, provided that suitable engineering plans establish its feasibility and acceptable financing can be arranged. Future plans, specifications and funding arrangements would be developed, subject to the approval of the Executive Committee. Judge Higginbotham stated we should be sure to consider other firms and to approach competitive bidding. This proposal was approved in principle by the Board of Regents.