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KNOXVILLE — The University of Tennessee’s 43,000 students should learn July 5 how much it will cost to attend classes this fall.

The UT Board of Trustees has scheduled a noon meeting here July 5 to set fees and approve a budget for the fiscal year that begins July 1.

Those actions usually are taken at the June meeting, held Thursday. Without a state budget in place, the trustees approved a continuation budget for UT at current levels and took no action on tuition and fees until they know UT’s state appropriation.

The board’s Finance and Administration Committee approved in concept Wednesday a higher or differentiated fee for engineering students.

Board Vice Chairman Bill Sansom said Thursday an administrative recommendation on the rate of the engineering fee could be considered at the July meeting.

The trustees approved the purchase of 500 acres in Blount County for the relocation of UT’s dairy farm operations. The property will cost $4 million and will free the Cherokee Farm near UT hospital for research facilities and student recreation use.

A new master plan for UT-Chattanooga also was approved.

UT President J. Wade Gilley told the trustees of plans for UT to join the ranks of the nation’s top 25 public research universities. And, he said UT will work toward being the best run, most efficient university in the nation.

“I am confident we will achieve these goals. UT is ready to make a quantum leap among American universities,” Gilley said.