RESOLUTION RELATING TO THE PAYMENT AND RECOUPMENT
OF INTERNAL REVENUE SERVICE WITHHOLDING DEFICIENCIES

The Board of Trustees finds that, through computer error, Austin Community College failed to make proper income tax withholdings for faculty during certain months of 1999.

The Board of Trustees further finds and resolves that, in order to follow Internal Revenue Service Regulations, the College should timely pay the amount of the faculty deficiency to the Internal Revenue Service.

The Board of Trustees further finds and resolves that the deficiency of individual faculty members will be recouped by withholding the amount in equal installments over the term of each faculty member's contract and that, in the event a faculty member terminates employment prior to the end of the contract term, the remainder of the deficiency will be withheld from the final paycheck.

The Board of Trustees finally finds and resolves that payment and recoupment of the income tax withholding deficiency serves a public purpose.