Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 327]

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324

BOARD OF TRUSTEES

[April 21

"The time limitation within which a candidate is required to pass subjects under this rule shall not include any period during which the applicant serves in the armed forces of the United States." Because of the change in Rule 33, a slight change in phraseology of another rule (Rule 34a) is required. As revised, Rule 34a would read: "A candidate whose standing is such that he shall be required to write in all subjects may not present himself for re-examination until at least one examination shall have intervened following his last examination or re-examination, and then only upon presentation of satisfactory evidence that he has made further preparation in the interim." These changes will provide three opportunities for a candidate to remove original failures. They must be exercised within six semi-annual examinations (substantially three years) next following the examination in which he qualified under the rule. The Act provides that a fee of $25 shall be paid by each candidate admitted to the complete examination. This fee goes into the Accountancy Fund from which all expenses incurred in the administration of the C.P.A. Act must be met. Originally candidates writing part of the examination under Rule 33 paid the full fee of $25. A number of years ago the Board of Trustees, on recommendation of the Board of Examiners in Accountancy and the Committee on Accountancy, authorized re-examinations under this rule without the payment of additional fees. At that time there was a substantial balance in the Accountancy Fund. Expenses of administration of the C.P.A. Act have now greatly increased so that it is necessary to return to the practice of requiring that fees be paid by candidates given re-examinations under Rule 33. This will be particularly necessary since additional re-examinations are being provided in the amendment of Rule 33. The Committee on Accountancy therefore recommends that candidates writing under Rule 33, as revised, be charged fees as follows: For candidates writing Theory and Practice of Accounting.. .$20 For candidates writing Auditing or Commercial Law, or a combination of Auditing and Commercial Law IS I recommend approval.

On motion of Mr. Livingston, these changes were approved as recommended.

AMENDMENT OF REGULATIONS FOR SCHOLARSHIPS IN AGRICULTURE AND HOME ECONOMICS (7) For fifty years the University has been awarding scholarships in agriculture and home economics, established by the Board of Trustees at the request of the Illinois Farmers' Institute, which exempt the holders from payment of tuition fees. Originally one scholarship was available in agriculture and one in home economics in each county of the State (except Cook and Lake Counties where two scholarships, one in agriculture and one in home economics, were awarded in each of the first seven, later the first ten, Congressional Districts which are in those counties). On September 27, 1940, the Board of Trustees reduced the number of scholarships in agriculture and home economics offered in Cook and Lake Counties from twenty to four, thereafter offering one of each scholarship in each county instead of one in each of the first ten Congressional Districts. Under present regulations governing these scholarships, candidates must meet certain conditions of eligibility, viz., ( a ) a candidate must be a bona fide resident of the county from which he is recommended; (b) the candidate must rank in the upper 50 per cent of the high school class with which he graduated; (c) awards to students entering the University by transfer from other colleges or universities are made only to those who have a scholastic average of fifteen points above the passing grade of the college or university previously attended. In addition, the candidates must ( a ) be recommended by the Illinois Farmers Institute; (b) pass with an average grade of seventy or higher the competitive examination given by the County Superintendent of Schools on the first Saturday in June to candidates for County scholarships which are established by law. (If a candidate for a scholarship in agriculture or home economics passes this