CSUN TRIES TO SECURE LOAN.Byline: Rizza Yap Daily News Staff Writer With the $586,000 bailout bailout The financial rescue of a faltering business or other organization. Government guarantees for loans made to Chrysler Corporation constituted a bailout. of the Cal State Northridge athletic department still pending Legislative approval, school president Blenda J. Wilson is seeking a loan to immediately reinstate To restore to a condition that has terminated or been lost; to reestablish. To reinstate a case, for example, means to restore it to the same position it had before dismissal. two eliminated sports. On Thursday, the board of directors of the university corporation - which operates commercial facilities on campus - will vote on whether to grant Northridge a $586,000 loan so baseball and men's volleyball volleyball, outdoor or indoor ball and net game played on a level court. An upright net, 3 ft (or 1 m) high, the top of which stands 8 ft (2.43 m) from the ground for men, 7 ft 4 1/8 in (2. can start to rebuild their programs. ``The state budget isn't approved, and we don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. when that would occur,'' Wilson said. ``As time passes, it becomes more and more difficult to field teams. . . so we're trying to look at our own (funding sources) as a means of reinstating teams. Otherwise, we keep them (in) limbo limbo In Roman Catholicism, a region between heaven and hell, the dwelling place of souls not condemned to punishment but deprived of the joy of existence with God in heaven. The concept probably developed in the Middle Ages. as everything is until the state budget passes.'' Wilson said the state money, if approved, could be used to pay back the loan. But if the California Legislature does not OK the funding, Wilson already has determined other ways to pay back the money - private fund raising, forming a multiyear pay-back plan or recommending that the corporation make it an allocation instead of a loan. However, university corporation director Donald Queen -- who doesn't have a vote -- doesn't believe the loan will be approved without budget approval. ``The board would probably pass a loan contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the state budget passing,'' Queen said. ``The loan would be subject to the state allocating it. If the state doesn't allocate it, there's no loan.'' The 17-member board of directors is composed of six faculty members, six students, three community representatives and two administrators - Wilson, who chairs the group, and student affairs Student affairs staff are responsible for academic advising and support services delivery at colleges and universities in the United States and abroad. The chief student affairs officer at a college or university often reports directly to the chief executive of the institution. vice president Ronald Kopita. The university corporation already set aside $500,000 for athletics athletics or track and field also track-and-field games Variety of sport competitions held on a running track and on the adjacent field. It is the oldest form of organized sports, having been a part of the ancient Olympic Games from c. for the 1997-98 school year. Queen said it has provided emergency financial support to various departments in the past, but most - such as purchasing a grand piano for the music department - have been under $100,000. A spokesman for Sen. Cathie Wright, who proposed that the state allocate the money for Northridge athletics, said the budget might be approved by this week. Earlier this month, the state budget committee approved Wright's proposal requiring the Cal State University system's general support fund to provide Northridge the money to bring back four canceled men's programs for another year. The proposal now must be approved by the legislature. Soccer and swimming have already been reinstated through private donations. Last week, administrators instructed volleyball and baseball coaches to start planning as if they have teams. |
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