THE BATTALION Page5
THURSDAY, FEBRUARY 21, 1980
local
PUF importance explained
evision:
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nel television,
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interactive
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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
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