Resolution of the Board of Directors of the Corporation for Public Broadcasting
July 17, 1995
FY 1996 Public Radio Future Fund and FY 1996 Public Television Future Fund
6 in favor, 2 abstaining, 2 absent
WHEREAS,
Management has reviewed the extensive work of the current Public Radio and Public Television Issues and Policies Task Forces; met with stations and representation organizations at regional and national meetings; and sent written discussions of the current issues to each public radio and television station for that purpose; and
WHEREAS,
Management has recommended that the Corporation establish an FY 1996 Public Radio Future Fund and an FY 1996 Public Television Future Fund.
NOW, THEREFORE, BE IT RESOLVED THAT:
The CPB Board of Directors hereby adopts the Management recommendation regarding the establishment of an FY 1996 Public Radio Future Fund and an FY 1996 Public Television Future Fund, and authorizes implementation of the recommendation with the clear understanding that there will be additional system consultation concerning the Funds' specific purposes, decision-making process, funding mechanisms, applicant eligibility, and project eligibility.
Further, the CPB Board of Directors authorizes Management to allocate the cost of the Future Funds in the following manner:
two-thirds from the CPB discretionary funds and one-third from the Community Service Grant pool;
CSG funds will go to the public radio and public television stations for these purposes; and
in FY 1997 and thereafter, the cost of the Future Funds will be allocated one-half from the CPB discretionary funds and one-half from the Community Service Grant pool.
Further, the Board authorizes Management to establish an advisory board representative of the various stations to provide ongoing consultation on the uses and applications of the Funds and to report to the Board prior to their implementation.
Finally, the Board directs Management to report quarterly on the results obtained.