The decision to delay approval (of the sabbatical decision) is based on the fact that research and scholarship are central to the purpose of sabbatical leaves.

We expect that if the research misconduct allegations are not referred for full investigation, the sabbatical request would be approved.

The committee understood the critical importance of addressing allegations of research misconduct, which ranks among the most serious charges that can be brought against a faculty member.

This decision does not require shareholder approval. The fund's board of directors can simply decide to hold an offering.

There are a handful of citizens who want to delay the decision until Mr. George comes back. But that would mean we won't be able to apply for Issue 2 money for Taylor Road in 2006 and, in my opinion, would delay the project by another 18 to 25 months.

My guess is that we'll hear by November who it is, given the need to have time for Congressional approval to occur, but I think the selection is wide open,