Editor’s note: The GSB senate meeting went past the Daily’s Wednesday night deadline. The following is the coverage from the final portion of the meeting.

A bill that allocated $30,000 toward leasing the property on 2412 Lincoln Way to change the old Varsity Theater into the Cyclone Cinema passed unanimously at Wednesday night’s Government of the Student Body meeting.

In February a resolution supporting the theater project was passed, along with the allocation of $316,000, which would fund the first year of the theater’s operating expenses and renovations of the building.

The lease has not yet been finalized, but it is estimated at about $30,000.

The lease must go through the Board of Regents to be signed. Finance Director Anthony Maly said that the lease will hopefully be going to the Board during their June 9 meeting.

Maly said the lease is still in the process of negotiations.

The lease price that was initially factored into the $316,000 operating expenses was $49,000, former GSB Finance Director Tom Danielson said.

The lease was taken out of that bill in order for the negotiations to take place.

Danielson said that he cannot see the lease passing over the $49,000 mark.

There was agreement amongst the Senate that the Theater would be good for Campustown as it would provide a non-drinking environment for students.

Several concerns that were raised during discussion in February were raised by new senators including ticket prices, and parking availability.

A resolution asking ISU to reduce its reliance on coal energy was also discussed.

The bill titled, “It’s not easy being green: Becoming less dependent on Coal Engergy at ISU,” was written by Public Relations Chair Teresa Tompkins.

Members from ActivUs came to speak to the Senate about their work with the administration, and told the group of their desire for ISU to become less reliant on coal energy.

ActivUS brought a petition with 600 student signatures supporting the resolution.

The coal that ISU currently uses comes from West Virginia and Wyoming by train and truck.

According to a representative from ActivUS, coal plants increase the risk of asthma and heart-attacks.

The resolution does mention the six megawatts of wind energy that was recently purchased by the University.

The resolution was passed unanimously.

GSB President Luke Roling gave his State of the Student Body Address.

Roling said he believes student debt remains an important issue that students are struggling with, despite the fact that Iowa State has one of the lowest tuition rates in the Midwest.

He said he wants to use the ISU Ambassadors program to help send a united message to the state legislators, to “stop the downward spiral of state funding.”

Roling also shared ideas to control student spending on a level students have direct control over.

The peer to peer education program is going to have the most “successful and fruitful attempts at saving students money,” Roling said.

Roling also appointed a Director of Student Debt Management, a new position created by his administration.

The position would help make sure students are aware of the tax breaks that are available to them, as students.

Roling mentioned the creation of an off-campus liaison website during his address.

Roling said he wants to begin informing students of their responsibilities of signing leases off campus.

Roling said Campustown revitalization is going to continue to be an important area of concentration for both the GSB and the City of Ames, and that the GSB is working to make Campustown an “open and inviting area for students, regardless of age.

Roling is working with the Director of Diversity on planning a large-scale, collaborative celebration of diversity.

In addition, he is working with the administration to develop leadership opportunities on campus, and said the number of leadership opportunities on campus is what sets Iowa State apart from other institutions.

Roling said GSB needs to be able to “take the lead and go out on campus to serve students,” and that GSB will work to be an “effective team to lead the student body in the upcoming year.”

Thomas J Augustine was appointed an associate justice for the GSB Supreme Court.

Augustine is a junior in political science and speech communication, and has previously served on GSB as the Director of Freshman Outreach.

Augustine is currently serving as the vice president of Risk Management for the Interfraternity Council.

Daniel Voss, Derek Grygiel,  Andrew Gardini and Arjay Vander Velden were voted in as the new members of the Finance Committee.

The Finance Committee reflected the budget of Ethos Magazine to carryover its funding.

The Senate voted for the carry over request, which was written by Senate Chair Halley Stille.

Ethos was funded an additional $1,700 for website development and advertising.

The magazine plans on using the website to allow more students to get their work published, and to be able to update on a more regular basis.

Senator Jacob Wilson said that funding Ethos would be a good investment because they provide students with good information, and mentioned that Ethos had been cut an issue during regular allocations.

Vice Speaker Michael Weber said he feels that if the Senate funds a website for Ethos that it will be setting a precedent, and all magazines on campus will be coming to GSB to fund a website.

The ISU Baseball Club received $2,740 for mound clay and surfacing materials for the baseball field.

The Athletic Department cut funding to the club in 2001, which led the group to ask GSB for funding.

The Senate debated about the amount of the money being funded, but after it was announced that the group raised more than $14,000 last year, the senate allocated the amount.

Veishea was granted a requested a carryover of their budget.

The group has received, “rather drastic budget cuts,” according to Weber, who acted as a representative of the group.

Weber said the little bit of money they have left over would be very beneficial to next year’s celebration.

The estimated amount that will be carried over is about $3,000.