Board of Trustees
Approved: November 16, 2001
Section V. Administrative Affairs
Subsection: H. University-Related Organizations
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General
University-related organizations include foundations, alumni
associations,
athletic associations, and other not-for-profit organizations
established
for the purpose of assisting the University in the
accomplishment of
its educational objectives.
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Audit Commission Guidelines
The relationship between University-related organizations and
the University
shall be governed by the University Guidelines 1982 (as
amended
1997) issued by the Legislative Audit Commission. The
University shall
develop a written contract describing this relationship with
each of
its university-related organizations. The contract shall be
submitted
to the President for review and shall be subject to approval
by the
Board.
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Establishment of University-Related Organizations
Proposals to create a new University-related organization
shall be submitted
to the President for approval or for review by the Board
before the
organization is established.
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Contributions
A proposal shall be submitted to the Board by the President
describing
any significant commitment of Board resources for the
operation, maintenance,
or administration of a contribution to a University-related
organization
intended for use by the University. Approval of the Board
shall be required
before such a commitment is made.
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Reports
Quarterly reports to the Board shall be presented by the
President on
contributions to University-related organizations.
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