UB loan to be revisited
The issue of forgiving University Board debt will be revisited at Wednesday’s Student Senate
meeting.
A proposal to forgive a three-year-old UB loan was presented to the senate last week. The Apportionment Board voted two weeks ago to forgive the loan, but the senate must approve the action to make it final.
If the loan is not forgiven, the total amount, $14,381, will be taken off the UB budget for next year. The proposed forgiveness would forgive the remaining amount, $11,346, but would still hold the UB responsible for the interest, which equals $3,034.89.
The original loan was $37,329 because of low ticket sales to several entertainment events on Eastern’s campus at the time, including Carrot Top.
When the issue was presented last week, discussion lasted an hour and a number of concerns were brought up, centering around whether to hold the UB accountable for the debt.
In other business, the senate will also vote on a bill supporting the university influenced area portion of the Unified Development Code and an AB proposal to allocate $2,225 for the annual Recognized Student Organization Banquet.
The Unified Development Code has been undergoing revisions for the past year and a half to redefine the city’s zoning regulations. Two major components of the university influence area are the relaxing of R-2 zoning in the area and benefits for businesses.
“This new zone recognizes the university’s impact on the city of Charleston and effectively accommodates the university community and its unique needs,” the bill says.
The last proposal from the AB will allocate $2,225 to the senate for expenses of the annual RSO Banquet. Expenses include catering, awards, entertainment and printing.
A new RSO is also up for approval at the meeting. The Freestyle Circle, which will work on bringing an entertainment scene to campus.