Chancellor asks for memo of understanding

URBANA – University of Illinois Chancellor Richard Herman has asked a faculty and staff committee to come up with a new memorandum of understanding between the university and the donors of a controversial new initiative on campus.

The Academy on Capitalism and Limited Government Fund was established in the summer of 2006 but not launched publicly until last month with an event in the Illini Union featuring Robert Novak and Steve Forbes. Its mission is to promote and advance, through grants, the research and teaching of free market capitalism, limited government, individual rights and responsibilities, and enterprise and entrepreneurship.

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