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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Feb. 21, 1980)
THE BATTALION Page5 THURSDAY, FEBRUARY 21, 1980 local PUF importance explained evision: cni mating l\| r the air, Tlj nel television, lile reproduds interactive ■stems nowj inel capacit): ive increasedi might have up iformation ’ :eins will lel capacity > to 125 chi cable su 1 its By DEBBIE NELSON Campus Staff John Sharp, Texas legislator and for- ner Texas A&M University student lody president, spoke on the Perma nent University Fund and what it means to Texas A&M in a speech iponsored by the MSC Political Forum Wednesday. Sharp, a 1972 graduate elected to the Texas House from the 40th Dis trict in 1978, explained money from the Permanent University Fund ibscri (PUF) is used for new building con- .truction for Texas A&M University and the University of Texas. ! Totalling $25,678 million for the [Texas A&M University System alone Tor 1980, the fund and its uses will be a crucial issue in the next legislative session. Sharp said. Since the College Building Fund — which was used by state-owned universities other than Texas A&M and UT — no longer exists, funding for these universities will have to come from somewhere else. Some are eyeing the PUF, Sharp said. The part of the PUF the two universities can use is money from grazing leases on and investments of profits made on 2.1 million acres of land in West Texas. The value of the land as of Feb. 28, 1979 was $1.09 billion, stemming from over 650 oil wells and 250 gas wells. According to state law. Sharp said, Texas A&M and UT can’t spend the money taken in by sale of the pet roleum, but can invest it in other areas and use profits from the invest ments for new building construction. Texas A&M gets one-third of the money in this “available fund.” UT gets the other two-thirds. A second way to raise revenue from the PUF is by bonded inde btedness. The Texas A&M System is allowed to sell bonds not exceeding 6% percent of the total value of the PUF. Money generated is used first to pay off the bonds, with extra money financing new construction for other universities in the TAMU System (except Moody College) and the seven University services. Sharp disagreed with criticism that Texas A&M has neglected Prairie View A&M. He cited a list of figures showing from 1958-1977 Prairie View A&M received for building purposes $4,751 per each new student added to the enroll ment, while Texas A&M received $2,518 per new student. However, in this period Prairie View’s enrollment went up from 2,400 to 4,200 students, while Texas A&M went from 2,000 to 28,733 stu dents. Sharp said administrators at Prairie View are not dissatisfied with the amount of money the University System allocates to them. Until 1958, Prairie View A&M had to rely on ad valorem tax money for il problems fck lircraft capakfc ns and adv^ •ge. ea, Carter sak r om chemical liation. The equipment entire pilot llij ise experts vk emical warfaitj :, in the ilities of the 1 •ea.’’ chnology DivjJj is testing soisl nent to see larcoal-linedsJ and hood affej ) tolerate “I heat stress, being submi steins Comm school of Ai ooks will beffil e efficient i The Circus’ is coming to the MSC All Night Fair building construction. Between 1958 and 1977, Prairie View A&M received $8.3 million from sale of PUF bonds. If it had relied on tax revenue. Prairie View A&M would only have gotten $4.2 million in this period. The legislature may decide to change the total bonded indebted ness of the PUF from 20 percent to 40 percent. Sharp said. Under pre sent policy, this would increase funds going to all parts of the TAMU System except Texas A&M Universi ty itself. Now other Texas state-funded uni versities like Texas Tech and the University of Houston no longer have the college building fund pre viously used for construction. Sharp said the legislature must find funding for this construction or these univer sities will want to break up the PUF. “If the Permanent University Fund is broken up,” Sharp said, “it will be worthless to everybody. There are not enough funds to go around.” ALTERATIONS IN THE GRAND TRADITION OF OLD TEXAS WHERE MOTHER TAUGHT DAUGHTER THE FINE ART OF SEWING — SO HELEN MARIE TAUGHT EDITH MARIE THE SECRETS OF SEWING AND ALTERATIONS “DON'T GIVE UP — WELL MAKE IT FIT!” AT WELCH’S CLEANERS WE NOT ONLY SERVE AS AN EXCELLENT DRY CLEANERS BUT WE SPE CIALIZE IN ALTERING HARD TO FIT EVENING DRESSES, TAPERED SHIRTS, JEAN HEMS. WATCH POCKETS, ETC. (WE RE JUST A FEW BLOCKS NORTH OF FED MART.) WELCH’S CLEANERS 3819 E. 29th (TOWN & COUNTRY SHOPPING CENTER) Sun Theatres 333 University 846-9808 The only movie in town Double-Feature Every Week 10 a.m.-2 a.m. Sun.-Thurs. 10 a.m.-3 p.m. Fri.-Sat. No one under 18 Ladies Discount With This Coupon BOOK STORE & 25c PEEP SHOWS By ANGELIQUE COPELAND Campus Staff It’s that time of year again when the emorial Student Center is trans formed into a night-long carnival of in and games as MSC Council Pro jects puts on the All Night Fair. I The theme of this year’s fifth annual all-night extravaganza is “The ^Circus,” and will be complete with ting tosses, dart thowing and the v,ever-popular massage parlor. The fair will last from 7 p.m. Fri- ay, Feb. 29, to 3 a.m. Saturday, larch 1, and will be held on all three oors of the MSC. Those who wish to articipate in the booths and activi- ies must pay 50 cents at the door to have their hand stamped so they can buy chances for the games. Anyone who wants to come and just watch will not be charged. Keith Shurtleff, chairman of the All Night Fair committee, said 60 organizations from across campus will sponsor booths and activities in cluding computer games, a fin race where the participants run over ob stacles wearing scuba flippers, and a turtle race where participants pick the turtle with the most fire in his eyes and place their bets. For the student who feels extra close to his “ol’ lady”, the Residence Hall Association will sponsor the Roommate Game, a takeoff on the Newlywed Game, where roommates find out how well they really know each other. Prizes will be given at nearly every booth. In addition to the booths, Free University will sponsor an all-night dance in the ballroom. Shurtleff encouraged everyone to come to the fair dressed in circus costumes since prizes for the best group and individual costumes will be awarded. Contestants will be judged on originality and adherance to the circus theme. Anyone interested can sign up in 205 MSC the night of the fair. Judg ing will be at 12:15 a.m. The committee has also hired Mark McCollum, comedian and im pressionist, to perform two shows at 9 and 11 p.m. in the first floor lounge. McCollum is currently tour ing Texas and Arkansas and will re deye $1000 to perform at the fair. Accounting seminar irotective ens:; fade a pilot’s | and yetproviifl i ds againsteipB g eta Alpha Psi, the accounting n 11 . 7 ,i r e ’ honor society at Texas A&M Univer- a e r |jty> w dl hold its annual Accounting Trend Seminar Saturday in the kXggieland Inn. tely devlop the* nent. grams into ion] ire expected 11 k Bill Daniels, president of the soci- ; lEty, said five speakers will present ; the potential 40-minute programs beginning at weneedtodosi $:30 a.m. A $2 admission will be efine the biok charged, which includes lunch that ttion affecting: Avillbe served at noon. The programs o perform itsi -will be over around 4 p.m. 1 ( ' The speakers and their topics for " rnva y °,n jthe seminar are: Joe Dansby of Ten- posure |o®| ^ eco Qil Co., The Windfall Profits n as well cissiL , jax; D av e Wilson from the auditing es to radiation- jj rm Luther Young, Ruling 33 of the _ Financial Accounting Standards iciences Divisiojj r junction witM ■loping physical]: j iteria for selec ts fit to fly higli : and to perfontj euvers requin area of study, will acquire ators to study will look >es of the Air Ft lent rate w cantly in the f Id Board; George Serigo of Hurdman Cranston, The Impact of the Secur ity and Exchange Commission; Richard Adkerson of Aurther Ander son, Reserve Recognition Accoun ting; and Connie Land of Exxon, In ternal Auditing. Daniels said that representatives of several accounting firms have been invited to the seminar and that students would be able to question them about possible job opportuni ties. Dr. William Muse, dean of the college of business administration, will give the introduction for the seminar Student Alcoholics Anonymous and Alanon STARTING 19 FEB 1980 Every Tuesday and Friday 12 noon MSC Room 145 779-0933 SECRETARIES AND CLERKS CATCH OUR JOB FEVER! WHAT IS IT? A chance to learn about job opportunities at Texas A&M University WHEN? WHERE? Saturday, February 23, From 9:00 a.m. — 12:30 p.m. Employment Office, Personnel Department, Room 211 of the YMCA Building on the Texas A&M University campus. THIS IS YOUR CHANCE — — TO SEE WHAT WE HAVE TO OFFER WITHOUT TAKING OFF FROM YOUR PRESENT JOB — TO MEET WITH AN INTERVIEWER — TO ASK ABOUT OUR EXCELLENT FRINGE BENEFITS REMEMBER: SATURDAY, FEBRUARY 23, 9:00 A.M. — 12:30 P.M. Anyone interested in the prog- • equal employment opportunity through affirmative action rams is invited to come. •••••••••••••••••••••••••••• • CAMPUS RECRUITING :ing for ething :ial for TER? at the in the alien On February 27, 1980, Pennzoil Company’s Management Systems Depart ment will have two representatives on campus to interview qualified graduates for several openings for analyst/programmer positions in its Information Sys tems Development Department. Pennzoil is interested in talking to you if you have an undergraduate degree in Business with a heavy concentration in Data Processing Courses; or if you have a graduate degree in Business which includes a heavy background in Data Processing. Our analyst/programmers work in a variety of exciting application areas such as Payroll, Marketing, Finance, Forecasting, General Accounting, Oil and Gas Crude Accounting, etc. We also have a well-defined career path tailored to the ambitions and abilities of each incumbent. If you would like to stay current in the art of Data Processing and grow with a growing company, please try to have an interview scheduled. If you can not arrange a personal interview while our two representatives are on your campus, please send a copy of your resume to: Campus Recruiting Coordinator Pennzoil Company P.O. Box 2967 Houston, Texas 77001 PENNZOIL COMPANY Boot SaLe Just ArrivecI Over 100 PaIr Han<] SeLecteJ ★ EUphANT ★ LizAnd ★ Osrmch Top OuAlrry JustIn Boots 78 75 & up * Bull Hide ★ AnteIope ★ CaIF SkiN * ALL SALES FINAL ■ SOME SLIGHTLY IRREGULAR FeIt Hats 25% on Entire StocU From All TIiree Stores Will Be On SaIe At CulpEppER PlAZA ••BIS WR97BBM WKAR BRyAN-ColUqE Station CulpEppER OnLy SeRviNq xhc Brazos VaIIey For over 25 Years Equal Opportunity Employer, M/F