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                                                                          ND
                           AN EXCERPT FROM THE MINUTES OF THE 2  REGULAR MEETING
                        OF THE ISU BOARD OF REGENTS HELD ON MAY 28, 2001 HELD AT THE
                                           ALBA HALL, ISU, ECHAGUE, ISABELA
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                                               RESOLUTION NO. 30, S. 2001

                                                APPROVING the Policy and
                                       Mechanics for the Conversion of Unpaid Faculty
                                       Overload to Vatican Leave Credits effective First
                                      Semester, SY 2000-2001,   subject   to     existing
                                       CSC rules and regulations with the inclusion of a
                                      proviso on the monetization of said leave credits,
                                                         if possible.

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