* Use state funds to subsidize off-campus housing or transportation to and from off-campus students.

Central State University shall:

* Raise admission standards for freshmen entering after July 1, 1998.

* Reduce its student attrition rate to a level agreed upon by the state's Board of Regents and the university's Board of Trustees.

* Gain reaccreditation from the north Central Accrediting Agency.

* Seek funds to rebuild the endowment fund to a level that at least meets fund level targets appropriate for institutions of comparable size.

* Implement a system of alumni donations that at least meets donation targets appropriate for institutions of comparable size.

* Reduce its default rate for student loans.

* Not expend any private or public funds for sponsorship of, or participation in, intercollegiate sports activities [football and baseball] for which the university is under sanction as of July 1, 1997, by the National Association of Intercollegiate Athletics.

* Reduce expenditures for all other intercollegiate sports activities to a maximum of the fiscal year 1997 expenditure levels for those activities.

* The Director of budget and Management shall maintain a financial supervisor at CSU to monitor adherence to the Fiscal Recovery Plan. Within ten days after the end of each month, CSU shall prepare a payables report delineating by fund and vendor all outstanding payables owed by the university. A comparative analysis by month shall be presented with the rationale provided for the variances reflected for changes from the previous month.

It is the intent of the General Assembly that if CSU fails to comply with any requirement, the Board of regents shall thereupon develop and implement a plan for the closure of the university.

Mark Fisher is the higher-education reporter for the Dayton Daily News.