The May 16 agenda for that meeting has just been posted and no such item is to be found.
At a recent meeting for staff (audio posted on this blog), the chancellor said he needed to spend more "seat time" with the Regents to explain the proposal.
Yours truly is not clear on the seat time concept but apparently it has not been effective so far.
Maybe this is what seat time is like:
Note: The May Regents agenda is at