Ms. Byerly reported on the committees consideration of the recommendationmade by the Business Advisory Council Task Force and assigned to the Committeeon Finance and Facilities: Enlist assistance of the Southern Region EducationBoard (SREB) to conduct an objective funding study and then to study andrecommend alternative funding sources for higher education. The Committee met twice to consider this. The main concern was recognizing that the MRR is going to bestudied. Because of the information to be gathered through a separatestudy of the MMR, the Committee felt that is was essential that the MRR study becompleted first. Once the MRR studyis complete, the Committee recommended consulting the SREB and asking that theSREB work with the information included in the MRR study. The staff and theFunding Advisory Committee are working together to review a list of potentialalternative funding sources. Thisreview will be conducted at the same time the MRR study is in progress. This has been presented as information. Dr. Barton reported thatthere is a meeting this afternoon on the MRR validation study. There is a meeting this afternoon of the Funding Advisory Committee andthe next step will be discussed with them. The RFP for this funding study is in the process of being developed andhopefully will be presented at the September Commission meeting.