Judicial Council rules divestment bill violated ASUC bylaws Council: investment decisions must be made by ASUC Investment Committee
The ASUC Judicial Council has ruled parts of controversial divestment bill SB 160 unconstitutional, removing clauses that require the ASUC to divest from companies affiliated with the Israeli military.
In an opinion released Sunday, the council ruled that the ASUC Senate lacked the authority to divest ASUC funds, saying that investment decisions must be made by the ASUC Investment Committee.
“The ASUC Senate has no constitutional power to craft specific investment policies,” the opinion states. “According to the By-Laws, the only body in the ASUC with the authority and expertise to write investment policy is the Investment Committee. Thus, when the ASUC specified companies by name and issued strict directives such as ‘will divest’ in SB 160, it overstepped its legislative bounds.”
www.dailycal.org/2013/05/26/judicial-council-rules-divest...
Original: UC Berkeley Divestment fails despite last grasp effort to save it