The Government of the Student Body passed three funding bills tonight while also formalizing a debt contract with the Iowa State Wrestling Club.

The debt contract between GSB and the Iowa State Wrestling Club pertains to a loan from GSB to the club. The club is being loaned $802.15 which is to be paid back by the end of the spring semester. The debt contract also states that the Wrestling Club will have to pay two percent interest rate on their loan.

The Longboard Club was allocated $1,865.22 to update their current equipment. The funding will be used to pay for new safety gear and new longboards for the club.

The Gaffers Guild was allocated $4,506 to update their equipment and to purchase a new speed grinder. This was the first time in 15 years that the club had come to GSB for funding.

The third funding bill passed was for $2,317.44 to be allocated to the Waterski Club to cover travel costs to Nationals.

The Senate also failed a bill that would place restrictions on the Executive Initiative Account. This was a bill that some senators thought would serve as a check and balance on the President of GSB.