KCSU Easter Week 2 Motions 2022

Motion to Include KCSU-KA Loan in Standing Orders

This motion codifies the KA loan and repayment process in the Standing Orders.

The KCSU Notes:

1. That integration of the KCSU-KA loan repayment agreement into the KCSU standing orders is required by that agreement.

The KCSU Believes:

1. That including such information is important for keeping institutional memory.

2. That institutional memory is vital in seeing the terms of the agreement put into continued action over a prolonged period of time.

The KCSU Resolves:

1. To adopt the attached amendment to the standing orders.

2. To remove the attached amendment from the standing orders on the completion of the KCSU-KA loan conditions.

Proposer: Tom Pugh
Seconder: Maddie Kelly

V
f) KCSU-King’s Affair loan
17. In consideration of the King's College Student Union giving a loan to the King's Affair Committee (KA) of £11000.00 (eleven thousand pounds) in January 2022, this loan is to be paid off by KA in nine annual instalments each of £1351.20, thereby including 2.0% per annum interest.
18. KA’s last repayment instalment, in the absence of more than one loan instalment having been paid in a given year, shall be by June 2030.
19. Further conditions of the KCSU-KA loan shall be as outlined in the KCSU-King’s Affair Loan Agreement (See Appendix B).
20. This article is to be removed from the Standing Orders upon completion of the loan.