The relevant documents may be reviewed on the Nevada Faculty Alliance website: (bullet-point summary of proposed changes; task force report; and proposed code changes).
For comparison, the current chapter 5 of title II of the System Code is available here
Here is Chair Miller's message
As noticed yesterday to the campus community, we will have a special meeting of the Faculty Senate Monday, May 2, 2011, from 11:00 a.m. until 12:30 p.m. in the SU Theatre. The sole topic of discussion will be the draft changes to the NSHE code proposed by the code revision task force.
Please review the attached documents prior to the meeting.
The Code Review Task Force was formed in the fall of 2010 as an outgrowth of the Board's changes to the Code pertaining to pay reductions and certain financial exigency provisions in June 2010. At that time, in response to the request of faculty that the System undertake more significant discussion about these Code sections, NSHE represented to the Board that we would review these sections in more depth to determine if other changes should be made. The initial focus of the Task Force was on Chapter 5 of the NSHE Code. This is the initial report of the Task Force. The work of the Task Force is ongoing and the Task Force will now be turning to a review of Chapter 6 of the Code.
Bart Patterson has asked for input from the Faculty Senate chairs by May 9th. Our discussion at this meeting will guide that input. I look forward to everyone's participation.
Sally K. Miller, PhD, APN, FAANP
Chair, 2011-2012 Faculty Senate
There is a story on these proposals, though without much detail on the proposals themselves, in today's Insider Higher Education.
[Update:] The Chronicle of Higher Ed has posted a more detailed story that puts the possible code changes in the context of the budget crisis.