Retaining Administration of the Multicultural Initiative Fund (MIF) Under the Office of the President

This resolution directs the ASUC Office of the President (OP) to retain administration of the Multicultural Initiative Fund (MIF), reversing a prior decision to transfer it. This matters to students as it ensures continued financial support for cultural Registered Student Organizations (RSOs) and ASUC Offices, with new measures for transparency and equity. The bill mandates a Memorandum of Understanding (MOU) between the OP and the Office of the Chief Financial Officer (OCFO) by April 17, 2026, to govern their relationship and ensure oversight of the annual $75,000 grant, which allocated $110,000 in 2025-2026.