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Originally posted by MidwestKnights:

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Did anyone see this? Have any thoughts on what it means? So RU still owns Ru-Camden but doesn't have direct control over Ru-Camden facilities? Control is only effected through the Ru-Camden Board of Directors?

New section) a.  The
board of governors of Rutgers University shall enter into a 99-year lease
agreement with the board of trustees of Rutgers University-Camden, subject to
the approval of the Joint Rowan University-Rutgers Camden Board of Governors,
pursuant to which all property and assets of Rutgers University-Camden shall
remain the property and assets of Rutgers University; except that Rutgers
University shall have no responsibility or control over the property and assets
or over the maintenance, insurance, and development of the property and
assets.  The lease agreement shall provide for an annual payment of $1 per year
by Rutgers University-Camden to the board of governors of Rutgers University
and shall also include the payment by Rutgers University-Camden of any debt
service associated with the facilities and property of Rutgers
University-Camden.  At the end of the lease agreement Rutgers University-Camden
shall have the option to purchase the property at fair market value, exclusive
of any improvements, buildings, or fixed assets thereon.

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