The Capital Resources Policy Committee was primarily responsible for the initial formulation, re-evaluation and revision of policy respecting the implementation of the capital budget over continuous 5-year periods. The Committee was also responsible for formulating policies on resource allocation, the maintenance of current space inventories and the allocation of existing and newly-created University space, including during short-term emergency situations. The Committee's predecessor was the Academic Planning Committee (1966-1969) whose responsibilities were split in 1969 into three separate Committees: Capital Resources , Business & Finance and Academic Policy. The first meeting of the Capital Resources Committee was held in October, 1969. The name of the Committee was changed in August, 1972 to Services Policy Committee. Membership on the Committee included 2 lay members of the Board of Governors, 6 members of the General Faculties Council, 2 students, the Vice-President of Capital Resources who was the Executive Officer, the President, the Charirman of the Board and the Academic Secretary. The Committee was not a General Faculties Council or Board of Governors committee but reported to both the GFC and BOG in order to make recommendations and for information. Correlating capital resources policy with academic and financial policies was the responsibility of the Executive Officer who worked with the Executive Officers of the other two policy committees (Business & Finance and Academic Policy) through the President's Executive Advisory Committee. The Hickling-Johnson report of 1972 changed the structure of the three policy committees by redistributing some of the responsibilities among the Vice-Presidents. The final membership of these policy committees was modified so that Executive Officers (Vice-Presidents) and Chairs now sat on all three policy committees. The final meeting of the Capital Resources Policy Committee (now the Services Policy Committee) was held in June, 1974. In April, 1975 the Policy and Planning Committee was formed which effectively combined the Services Policy, Academic Policy and Finance Policy Committees into one structure again.