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EXHIBIT B UNIVERSITY OF NOTRE DAME Cottotractioa 1t�snWisS Polley rAMM a COMM M19 of the Bout of Truft" The Finence'Dw mliMOe ofd o DOW of Trustees waft with dw Aduninlltad= ofdw UnW** ID Uaivers*I i.er, bud�mdng; . flnlihcia! aid, of tbau1ci11 ie at d 711 s1 m I 1 110 a MUM of due aiR1811 Cotaattcticn Fwdbit Policy adopted by the hwo tent ad Pbwm Commines of the Bond of Trastem, ad approved by do 7Yaseaem on October 3. 2002, ad October 4,2M respaotiw* an4 a revision Otto Cow*vcdon Awil t Po ft *%pad by to Rhharhr a Committee of tits Board oMwm and sireved by do Thwees on A0129. 2001, sed Apt 30.2004 mepec&*. 710 ft 1M CoimWMW of the Board of Tweases ecomme ds dot die Uaiver* comer die howww beachmorks be coal recommond* do ing of any elective c ion F*M in httegrky ofthe iatitudoq. Tb me bwhnwb kmhm : Firm (ia w fer loop, ca"i ofthe cost ofthe project, At lest 73 Percent of the project costa in hand, with The majority of do nm hft beds to be collaoed widrin tiro years of dw sort of consbwulon. 71e lboeendve Vice P- esiderit will periodicNly review die fbadint states of each project and upon oerd4ft that the project has met die benchmerim, odwiae do project to commence. In to an of MOW eepital pro)eota or projects dot foil to most benchmerhs, die Executive Vice Padden will atemas paoteest toewrd: audiieviag theme beihchinerlts and ua>aha reoommerhdatioos m dio Phhsaoe Comldlbe ofdie Board ofTrus ees to begin cowbution as -j F v prfae, !f ooshaoraodan bids we received in excess of eadmaes, and times M*w bids rat In a 8ilm w meet the tmnctinhwkl dis prciect anrot proceed miles addkkmd funds are seciaed to sheet the benohawks andlor the Finsaoe Commitles of tbs awd off halm r emWovve the project. In adAf A% do ogpbg overhead malwaance, sad reomW costs„ should continue to be pleated ibr sad added each yar to the operating budpt. sad abets apprapeim a should be iaaasigl6 eudoured. as pat of the regular bedtmdiit process of the University. 71e Finance Commime will -swim budget ft eons wNh amounts so be added sot less dm srnuplly. 11e Mena Cum midee of the Bond of Tnateea will review dais policy on a periodic bask sad rot less tier arraaily. and make appropriate s4vMwft based out due national eeonomic envircamw sad fiaanc W poddon of die Uniwersi y at do time of die review. Approved by duo Fin mce Caasmittee of due Bound dMuseoes on OMber S. 2006 and recommeadsd to do Pod Bard of 7 rume s for approval on October 6, 2006.