Student organizations currently waiting for financial stipends from BUC Fund could be waiting awhile. On April 22 at the final SGA meeting of the year, it was announced that there will be no further BUC Fund spending until a reassessment of funds is completed at the end of the fiscal year in June.
The BUC Fund is the smaller of the two funds being temporarily placed on hold, with the other being the Super Fund.
“They are revolving accounts,” said Dr. Sally Lee, SGA advisor and associate vice president of Student Affairs. “It’s fiscally wise to have a stopping point, let everything hit and then go from there,” she said.
The final act of the departing Senate was to unanimously pass SSB-017-08, which called for the formation of a committee to make decisions and allocations regarding BUC Fund over the summer.
All of the SGA’s powers related to allocations will be transferred to this committee from June 1 until Aug. 25, at which point the committee will be dissolved.
This is somewhat similar to the Summer 606 sessions of the past.
The committee is only allowed to meet once during the summer to make decisions.
Current applications will be considered, but no new ones will be taken due to the amount already received. All applications for funding will be held until reassessment is complete.
“We’ll assess the situation, and then see how we will proceed from there,” said Lee. “This is the fiscally responsible thing to do,” said Lee.
The $350 reorganization stipend for student organizations is also being placed on hold.
Notices are being sent out by mail, and Lee has been meeting personally with various groups notifying them.
“We’re not taking any money back that has been given,” Lee said.
However, if any portion of the $350 has already been spent, no further spending of the remainder will be allowed. “All funding not contracted out already has been stopped,” Lee said.

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