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Policy: IX.D.10 (inactive)

Issued: February 28, 1992

Owner: Executive Vice President and Chief Operating Officer

Latest Revision: November 15, 2005

INTERNAL LOANS FROM CURRENT FUNDS


**INACTIVE POLICY**

For Current Policies:
Policy Table of Contents

 

This policy has been migrated to the standardized format.
See
https://policy.itc.virginia.edu/policy/policydisplay?id=FIN-024

1.0 Purpose

This policy describes the use of internal loans from current funds.

2.0 Policy [Top]

The Board of Visitors, at their January 26, 1990 meeting, amended current funds guidelines to include investments in internal loans to University departments and activities, subject to approval by the Executive Vice President and Chief Operating Officer.

These loans are typically used for temporary financing of construction.

ALL INTERNAL LOANS MADE FROM CURRENT FUNDS WILL BE MADE IN ACCORDANCE WITH THE FOLLOWING GUIDELINES AND RESTRICTIONS.

Department and activity heads should contact the Director of Investment & Tax Services to apply for such a loan or to obtain further information in this matter.

3.0 Definitions [Top]

4.0 References [Top]

5.0 Approvals and Revisions [Top]

Previous version in effect from 10/2/02 to 11/15/05 available in policy archive.


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