GSB allocates funding to entrepreneur group following controversy
March 31, 2005
After a long debate, the Government of the Student Body funded the ISU Entrepreneur Club on Wednesday, following instructions from the GSB Finance Committee.
In a close vote of 13-12, the club was allocated $354.80, which fell drastically short of its goal — more than $6,000 less than its initial request of $6,481.
The senate spent nearly 45 minutes debating whether the club met criteria for pre-professional designation under GSB bylaws — groups GSB does not fund.
Ten of the 36 senators were absent, only four of them excused, said William Rock, GSB vice president. After a senator was excused from the meeting early, the senate had exactly 25 members to meet quorum.
Debate over the group came up last week when recommendations from the Finance Committee were originally to zero fund the group. After an extended debate last week, the senate voted 16-15-1 to send the club back through the committee with vague instructions to fund.
Steve Saltzman, president of ISU Entrepreneur Club, said the group had received $2,430 last year under similar circumstances involving questions about its pre-professional status.
Saltzman said both processes were frustrating.
Andrew Brown, GSB Interfraternity Council senator, went down the list of the eight criteria listed in the bylaws that define pre-professional groups — arguing that the club did not meet criteria and should receive GSB funds.
Jacob Larson, GSB off-campus government senator, disagreed and said during the meeting that the spirit of the bylaws allows for interpretation and could be used to deny the Entrepreneur Club money, even if the group was not in clear violation.
“There are numerous avenues they could take to receive funding,” Larson said. “I think it’s a good organization, but I don’t think we should fund them.”
Saltzman said he did not understand how senators could use the bylaws to withhold funding, as they decided last year that the bylaws allowed them funding.
He said the group will hold fund raisers to gain additional funds and make up for the disparity between its request and the GSB allocation.
The money the club received was restricted to fliers, advertisements and office supplies.
Leaders INspiring Connections received its original funding proposal of $6,742.
The senate decided it could freeze the money and send it to a Veishea fund, or back to GSB if LINC is dissolved.