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The
Higher Education Equipment Trust Fund
(ETF) was
established by the General Assembly to meet a need for new or updated
equipment for various educational and general programs in Virginia
institutions of higher education. The State Council of Higher Education
(SCHEV) and the Virginia College Building Authority (VCBA) administer
the ETF Program. SCHEV and VCBA sell bonds to raise the funding
for this program. As a recipient of this funding, the University
is obligated to meet certain legal requirements associated with
this fund, as established by SCHEV and VCBA. The Budget Office and
UVA Fixed Assets Accounting coordinate all ETF-related activity for
the University of Virginia. Please see the University's ETF Policies
and Procedures for more information.
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