Friday, Oct. 25, 1985
University Daily Kansan
9
Campus/Area
Press bids save costs to Regents
By Gary Duda Of the Kansan staff
The University Press wants to save the Board of Regents universities as much as $35,000 this year and even more in future years, the director of the press said yesterday.
By doing this, Woodward said, the press could seek competitive market prices.
Fred Woodward, the director, said the University Press, a non-profit publisher of scholarly and regional books, wanted the right to seek bids on its bookprinting, binding and typesetting jobs, which currently are handled by KU Printing Service. 2425 W. 15th St.
"We want to give the state of Kansas the most books for its bucks," Woodward said.
The purpose of the press, which was created in 1947 by the University of Kansas, is to publish books that contribute to the understanding of Kansas, the Great Plains and the Midwest.
The issue of making the press its own purchasing agent was discussed at the Oct. 18 Board of Regents monthly meeting.
She said opening bidding from the commercial marketplace also would allow the press to offer a variety of services that were unavailable from the printing service.
Dennell Tacha, vice chancellor for academic affairs, said the Legislature would act on the recommendation in the spring.
Woodward said the press was one of 82 university presses throughout the country.
ty, Pittsburg State University, Fort Hays State University and Wichita State University.
The University Press receives annual appropriations from six Regents universities: KU, Kansas State University, Emporia State Universi-
Regents schools' support to the press for the current fiscal year was $284,945. If open bidding were allowed, Woodward said, the money saved by the press could be spent by the universities on other university programs.
Until last year, support from Regents universities had increased. Woodward said that last year's support for the press was $300.000.
Woodward said the press had just concluded a three-year plan that
doubled the press' output. He said the press had published ten books three years ago and would publish 20 books this year with net sales of about $600,000.
By 1990, Woodward said, the press aims to publish 30 to 35 books a year with sales of more than $800,000.
Woodward said that although the press would never be completely free from financial support of the universities, its goal was to become as self-supporting as possible.
State panel divests $750,000
United Press International
TOPEKA - The Pooled Money Investment Board yesterday voted to divest itself of $750,000 in securities of General Motors Acceptance Corp., a company said to have links to South Africa.
At the request of the Kansas Committee to Free South Africa, an $^{42}$ apartheid group, the board shifted the state money to certificates of deposit with Douglas Bank in Kansas City, Kan.
State Treasurer Joan Finney, chairman of the panel, said Douglass Bank was the only black-owned bank in the state.
The board's decision was a victory in the Committee to Free South Africa's campaign against apartheid, South Africa's policy of legalized racial segregation.
Also yesterday, Sonny Scrogins, spokesman for the committee, said he had received a letter from Honey Bubb, chairman of Capitol Federal Savings and Loan Association, saying the Mission-based company would divest holdings in two companies with South Africa connections.
Although board member Clayton McMurray was absent, the other two Pooled Money Investment Board members, Finney and Jamie Schwartz, economic
development secretary, voted to make the change.
Finney has had a policy of shifting out of state investments back to Kansas. However she said this was the first case in which the board took specific action to divest itself of an investment with a South Africa connection. She said the board has few remaining investments outside Kansas, and she was aware of none that were connected to South Africa.
At the same time, she said the state ended up with a better investment, in which it will make $7,420 more in interest than it would have with the GMAC securities.
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