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18 July 2005

Trustees Establish the
Ted J. Propes Professorship

The Jacksonville State University board of trustees established the Ted J. Propes Professorship in the College of Commerce and Business Administration during their quarterly meeting Monday morning.

The professorship is in honor of the long-time supporter and alumnus who provided a substantial gift in June to create an endowed professorship.

Propes, a 1968 graduate with a degree in economics and finance, is president and chief executive officer of Consolidated Capital Management, Inc., of the greater Atlanta area. Propes, a Calhoun County native, serves as president of the Jacksonville State University Foundation and chairman of the investment advisory committee. He previously served his alma mater as vice president of the foundation and chair of the foundation's executive committee.

In their resolution, trustees extended their "thanks and gratitude to Ted J. Propes and his family for this generous gift toward academic enrichment."

In other action, trustees also approved a resolution authorizing President William A. Meehan to negotiate and award a contract to SunGard SCT for implementing a new campus-wide administrative software system using Banner software. The project will cost $11.4 million over ten years. Trustees intend to pay for the system with a bond issue in the future. Randy Harper, vice president for information technology, said the university's present system was developed in-house over the past 30 years and no longer meets campus needs.

Trustees also gave approval for a feasibility study for renovation of JSU's athletics facilities, including Paul Snow Stadium.

Dr. Mark Hearn, associate professor of management, gave the board an executive overview of the university's recent economic impact study, which shows JSU exerts a $325,410,021 impact on Calhoun and Etowah Counties.

The board's next meeting will be held on Monday, October 17 at 10 a.m.

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