wfn.org | Committee Moves to Send Major Paper Back for More Work

[PCUSA NEWS <pcusa.news@ecunet.org>]

GA99062 
23-June-1999 
 
             Committee Moves to Send Major Paper Back 
                           for More Work 
 
 
FORT WORTH - The Committee on Stewardship and Funding is recommending that 
a major paper on stewardship theology be referred back for further work. 
The Committee wants three changes made to the proposed "Statement of 
Stewardship Theology."  They want it to be more biblically grounded,  to 
use simpler language, and to be shorter and more tightly structured.  If 
the Assembly adopts the Committee's recommendation, the paper will go back 
to the Congregational Ministries Division for further work. 
     Youth Advisory Delegates Allison Bauer and Megan Markley introduced a 
rewrite that they had stayed up until 4 a.m. to finish.  The Committee 
voted to send their paper to the Congregational Ministries Division "as an 
example of how the document can be shortened and clarified."  Bauer is from 
Beaver-Butler Presbytery in West Central Pennsylvania; Markley is from 
Carlisle Presbytery is South Central Pennsylvania. 
     In other action, the Committee is recommending that Overture 99-69 
from Presbytery of New Hope (Eastern North Carolina) be approved. The 
overture asks that the Church Loan Program and the Presbyterian Investment 
and Loan Program, Inc., work more closely together and make services easier 
to use.  The Committee edited the overture to reflect that the two entities 
are already working together and urges them to continue to do so. 
     The Committee is also recommending approval of a series of steps 
proposed by the Presbyterian Foundation to strengthen legal oversight of 
two subsidiaries.  The New Covenant Trust Company, N.A. is a "national 
banking association," and New Covenant Annuity Insurance Company.  Both 
were established in 1997 at the direction of the 208th General Assembly "to 
take the necessary actions (including, as required, formation of subsidiary 
corporations) to satisfy legal and regulatory requirements related to its 
Planned Gifts and Investment Management Services programs" (Minutes, 1996, 
Part I, pp. 663-664). 
     The Committee is also recommending confirmation of the Board of 
Directors of the Presbyterian Investment and Loan Program.  Nominees 
include: Martha Guy, Newland, N.C., Alvin N. Puryear, Bronx, N.Y., Marcy C. 
(Molly) Baskin, Chicago, Ill., John (Jack) C. Baugh, Westlake Village, 
Calif., Thomas L. Hood, St. Louis, Mo., Ray U. Tanner, Jackson Tenn., and 
Ben F. McAnally, Tyler, Texas. 
 
Peggy Rounseville 

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