UA President Peter Likins wants to do homework.

However, he won't be holed away in a musty alcove in the Main Library. Likins, along with the presidents of Arizona State University and Northern Arizona University and the Arizona Board of Regents, wants to research the best ways to spend millions in tax money soon to come the university's way, and have a special meeting - a retreat - to decide how to spend that money, the result of the passage of Proposition 301.

Two weeks after Arizona voters approved Prop 301, a state sales tax increase that directs millions of dollars to education, the reality of the fundraising plan is hitting the people responsible for deciding how the money will be spent at the university level.

"This is probably one of the most important times we're going to have in the lives of the universities," said Regent Don Ulrich, ABOR president. "I want to make sure the planning process is impeccable."

Regent Judy Gignac agreed, saying, "It is probably the single most important change in how we fund higher education."