Nowadays, it seems the business of college is business.

As a weak California economy is straining school budgets, even administrators at one of the most famously liberal state institutions are not likely to base fiscal decisions on trendy student movements. Oliver Darcy of Campus Reform explains:

The University of California – Berkeley (CAL) administration will ignore a resolution passed 11-9 by the student government early Thursday morning, which demands the school divest assets from companies conducting business with Israel, a spokesperson for the school told Campus Reform on Thursday.

“Their vote will have no bearing on our investment decisions,” said spokesman Dan Mogulof.

“Our chancellor’s personal belief is that divestment is not constructive in terms of peace in the Middle East that can and should be progressed with dialogue between parties,” added Mogulof.

The resolution, S.B. 160, passed by the student government, accuses Israel of “illegal occupation and ensuing human rights abuses,” and calls on CAL to divest more than $14 million in assets from companies, including Hewlett-Packard and Caterpillar.

The final vote apparently occurred at around 5:30 a.m. after hundreds of students, faculty, and community members watched the student senators debate the controversial resolution for over ten hours, according to the official student newspaper, The Daily Cal.

According to The Daily Cal, the resolution’s passage was met with cries of joy and cheers from supporters.

In 2010, the student senate passed a similar resolution calling for divestment, but the measure was ultimately vetoed.

It is not clear whether or not this time the bill will find a similar fate. Student body president Connor Landgraf could not be reached for comment at the time of publication to provide details on his intentions.