Oregon daily emerald. (Eugene, Or.) 1920-2012, May 06, 1985, Page 6, Image 6

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Divestiture of state funds at stake
Bill stalled in committee
SALEM — After a two-hour work session Fri
day on House Bill 2001, which would halt state
investments in South Africa, the House Human
Resources Committee agreed to resume discus
sion today.
The bill was expected to be approved by the
committee Friday, but Rep. Rick Kotulski, D
Corbett, asked repeated questions about whether
return on state investments would suffer.
Rep. Margaret Carter, D-Portland. said the
Oregon State Board of Higher Education’s invest
ment agency has proved that healthy profits can
be made without investing in South Africa. That
agency showed a good return on state board funds
without investment in South Africa, she said.
But Kotulski said that because state funds in
volve billions of dollars, they cannot be compared
tb the'much smaller funds controlled by the board
of higher education. There is no proof that profits
would be maintained, he said.
“When we’re talking about billions of
dollars, there’s no way to gauge that return,’’
Kotulski said. It would be difficult to invest all
eligible state funds if no investment in companies
working in South Africa was allowed, he said.
"There are not that many places to stuff it
(state funds)," Kotulski said.
Divestment of» state funds has worked
smoothly in Connecticut, and state investment in
Oregon and other parts of the United States
should be encouraged, Carter said. State funds
would be transferred gradually to other com
panies over a five-year period, so there would be
little risk of a dramatic loss of state revenue, she
said.
Kotulski also questioned whether retired
workers who are dependent on the Oregon Public
Employee Retirement Fund would be safe if state
revenue dropped because of divestment.
Discussion of the bill by the House Human
Resources Committee will continue today at 1:30
p.m. If the bill Js approved by the committee, it is
expected to go before the full House on Thursday
or Friday:
minutes
IFC
The Incidental Fee Commit
tee met last week to consider the
EMU’s 1985-86 budget request.
The committee approved a total
of $1,237,590 for the EMU at
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GET OFF TO AI
GREAT START
An event you won’t want to
miss. As part of this campus
community, your participat
ing Ford dealer will talk with
you about the special values
available on Ford’s 1985
CO-SPONSOR
model cars and trucks. GET
OFF TO A GREAT START
WITH FORD ON THE
DATE(S) LISTED
BELOW!
CULTURAL
WEDNESDAY* HAY I 5TH
THURSDAY* HAY I6TH
Wednesday’s hearing.
The allocation is less than the
EMU’s $1.241,390 request. Part
of the reduction resulted from
the IFC’s cut of $2,600 from the
Club Sports trainer account in
Program Administration. The
budget total was. reached by the
committee following the- ap
proval of the Outdoor Program’s
budget of $19,740 — a reduc
tion from the;program’s request
of $20,860.
The IFC allocated $850 from
unallocated reserves Monday
into the Student Defender divi
sion line item in the student ad
vocates office. That amount was
allocated to cover unexpected
costs of the Rob Seyler case, in
which members and/or visitors
of the Beta Theta Pi fraternity
allegedly physically abused
Seyler following a Beta house
function in November. Officials
from the student advocate’s of
fice and the student conduct
coordinator are currently at
tempting to settle the case.
The committee transferred
$442 from the Native American
Student Union’s wotk study
line item to maintenance, and
$225 was transferred from the
unallocated reserve account to
maintenance to buy tables and
benches for the group’s pow
wow!
Women in Communications
received an additional $22 in
the group’s advertising line
item, increasing it to $95. The
IFC denied the group’s appeal
for a telephone, however.
The IFC gave Recreation and
Intramurals permission Tues
day to use its surplus of about
$tt,500; $4,145 to. keep Essl
inger open extra hours during
the summer, and $1,222 to
upgrade the computer system.
The IFC agreed that the
release of the funds July 1 is
contingent upon negotiations
with next year’s committee con
cerning the budgeting process.
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