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Peralta Community College District Board of Trustees Votes to Move Funds From Large Banks

21 December 2011

The Peralta Colleges Board of Trustees voted to demonstrate its support of the principles of the Occupy Movement by beginning the process of moving its assets from large banking institutions.

The resolution, first introduced by Trustees Abel Guillén and Nicky González-Yuen, asks Peralta’s Chancellor, Wise E. Allen, to provide the Board of Trustees with a list of recommendations by January 31, 2012, on how best to bring about a timely, efficient and responsible redirection of financial resources maintained, influenced or controlled by the District and its subsidiary organizations, consistent with the spirit of this resolution’s clauses and consistent with all legal and administrative requirements and necessities

The Peralta Colleges – Berkeley City College, College of Alameda, Laney and Merritt Colleges in Oakland – serve 30,000 students, employ more than 1,500 teachers and staff, and have an annual budget of $140 million.

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