As a result, ASUCLA provided numerous services, including athletics, housing, and, parking.

[14] In response, ASUCLA General Manager William Ackerman approached the University Regents about receiving a loan.

[10][26] Regardless of the legality of the university's unilateral declaration, in June 1974 ASUCLA signed a memorandum of understanding with the university stating "Although the association is subject to all applicable regents and university policies, it is understood that the Associated Students UCLA has maximum feasible operating and decision making;" according to the contemporaneous ASUCLA executive director, the MOU weakened the association's independence and autonomy.

However, by the mid-1990s, ASUCLA had entered a financial crisis in part due to the costs of maintaining its infrastructure including the student union buildings.

[29] The Board responded by firing the executive director for financial mismanagement and hiring a turnaround firm.

In 1996, due to financial issues and a failed student fee referendum,[30] ASUCLA secured a $20 million loan from the University on the condition it prepare a five-year forecast with its annual budgets and prohibit presidents of the undergraduate students association and the graduate students association from serving on the board; the loan specified that a failure to do so would entitle the UCLA Chancellor to appoint additional representatives of the campus administration to the Board and eliminate the student-majority.

The Board also responded to the mid-90's financial crisis by delegating additional responsibilities to the association's professional staff.

In addition, the ASUCLA's executive director serves as an ex-officio, non-voting board member.

[33] The Chair of the Elections Board is nominated by the Undergraduate Students Association President and approved by the Council.

[33] The Judicial Board serves two primary functions: First, it rules on whether policies and actions comply with the Undergraduate Students Association's governing documents, including issuing advisory opinions.

In addition, the Board is authorized under the Undergraduate Students Association Constitution to exercise any functions delegated to it by the UCLA Chancellor.

Members hold their office for the remainder of their undergraduate tenure at UCLA or until they have held the position for two years.

Each council is composed of one representative for every ten students (or fraction thereof) in an academic department, with reappointment occurring every summer.