Wednesday, October 12, 1977
daily nebraskan
page 9
Senate tables resignation resolution
By Gail Stork
The two-part resolution calling for the resignation of
Miles Tommeraasen, vice chancellor for business and fi
nance and limiting the private concerns of administrators
in general was tabled by the Faculty Senate Tuesday.
Senator Michael Steinman, who introduced the resolu
tion at the senate's September meeting, said he wanted to
show the potential for conflict of interest in Tommeraa
sen's case, not make a charge.
Faculty Senate members expressed different reasons
for tabling the resolution.
Senator Donald Haack explained that the board of
directors of Security Mutual Insurance Co., of which
Tommeraasen is a member, is made up of policy holders,
not stockholders.
He said it is different from a stock company jn that NU
is a part owner of the firm by holding a policy. By being
on the board, Tommeraasen is not responsible to stock
holders, but for policy decisions.-
Senator Michael Turner said he felt the Senate would
be applying a different standard for faculty than admin
istrators if the resolution was passed. .
He said the Senate would be exposing the faculty to a
possible loss pf consulting opportunities. He said he would
regret seeing that chance evaporate.
According to Senator James Lake, there is nothing
in the NU Board of Regent's bylaws dealing with the
"appearance or potential" for conflict of interest.
Senator Desmond Wheeler said he would need some
examples of Tommeraasen's involvement in insurance de
cisions before he could support the resolution.
Two lawyers and the Board of Regents concluded that
Tommeraasen was clear of a conflict of interest last year,
said Senator Thomas Iwans. He said it was inappropriate
for the senate to raise the same question with no evidence.
A motion to refer the question to the senate's profes
sional conduct committee for further study was made by
Senator William Alschwede. He contended the Senate
didn't have enough information to make a decision.
But Senator Birk Adams said "referring the question to '
a committee will point ,the finger of guilt where none
exists."
A report by the senate's rules and bylaws committee
also was presented. William Campbell, committee chair
man, said getting senators more involved in Faculty
Senate business could be accomplished by placing all
senators not currently on committees, on the senate's
committee on committees. It is responsible for making
Faculty Senate committee nominations.
Wheeler opposed, saying that such action "smacked of
elitism." Campbell pointed out that while it seems like a
powerplay, the senators are a representative group.
Reports from the convocations committee, university
libraries committee, committee on committees and the
rules and bylaws committee also were presented to the
senate.
UNL students build credit
through Master Charge, Visa
By George Wright
Rip-off or godsend, the credit card is
climbing in popularity among UNL stu
dents. When the National Bank of Commerce
(NBC) established credit card use on the
UNL campus with Master Charge January,
1973, $600,000 was charged the first year,
according to Bob Lovitt, assistant vice
chancellor for business and finance.
During the 1976 calendar year, more
than $1.5 million in services and fees
were charged at UNL, ranging from tuition
to football tickets.
Lovitt said the credit card program is
working Well on campus. The number of
bad checks has been reduced by credit card
use, he said. ,
Of an estimated hair mtiuon Master
Charge and VISA charge accounts in
Nebraska, only 30 percent are paid in full
each month, Kent said.
The 70 percent which do not pay each
month were penalized when Master Charge
and VISA changed the rates in June, 1976.
Interest charges
In order to raise more income, the inter
est charged on overdue accounts began
from the day of purchase instead of the
day the charge ticket was received at the
main office, Kent said.
Besides interest on overdue accounts,
the credit companies receive five percent
from retailers who accept the charge cards..
The university is exempt from five
percent charge since it is a state organiza-
Billie Kent, consumer credit officer of . tion, Kent said.
Master Charge and VISA at NBC, said
many young people have'difficulty getting
loans, and credit cards help by establishing
credit. '
lii August 13,000 application forms for
credit cards were sent out by NBC to
freshman students at UNL and Kearney
State College, Kent said. More than 750
of those students applied for credit, hesaid.
Three requirements
There are three requirements when
applying for VISA and Master Charge
credit cards, Kent said. Students must
be employed and earn $200 per month,
must be 19 years old and must have a
credit reference.
Students may have their parents co
sign the application, he said.
NBC is happy with the student pro
gram and has had few collection problems,
he said,
Students issued cards receive a $300
credit limit the first year, Kent said. The
figdre was established in 1973 when
tuition and fees were averaging $290.
State law allows a yearly interest of. 18
percent on overdue accounts, Kent said.
The monthly volume of charges and the
size of the amount charged on the ticket
affect the five percent retailers charge. If
a business does a large volume of credit
business, it may only be charged one per
cent, Kent said.
Manager of the Nebraska Bookstore,
John Wehr said the charge paid by the
bookstore fluctuates from two arid one
half to five percent.
During September, 17 percent of Neb
raska Bookstore's business was charged.
Wehr said during the Christmas season as
much as 25 percent of the transactions are
charged.
He said the credit card business during
the last two years has doubled at the book
store. Ten percent of the books and supplies
bought from the Union bookstores were
charged during the first four weeks of
school, according to Union sales records.
That compares to nine percent charged
during the same period last year.
When parking permits were issued last
month, $5,559 of the $193,655 spent by
students were charged.
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The Lincoln Jazz Society
presents
. ii .miMLUi . iuil m oii.mi.ii.M-
Dexter Gordon I
- -i ii.ir i inrnran ' ii. i. " - " " ""'"'
October 13 8:00 p.m.
O'Donnell Auditorium
Nebraska Wesleyan Campus
Reserved Seats $4.00
Available at Dirt Cheap and at the door the
night of the concert.
One need only look at him to recognize a hard
blower, a boss tenor; even the saxophone appears
to take on new dimensions in his hands.
Bob Blumenthal, Boston Phoenix
Supported by a grant from the Nebraska Arts Council
a. M i BJ M
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