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Policy: IX.D.10x (inactive)

Issued: February 28, 1992

Owner: Executive Vice President and Chief Operating Officer

Latest Revision: October 2, 2002

 


**INACTIVE POLICY**

For Current Policies:
Policy Table of Contents

 

 

INTERNAL LOANS FROM CURRENT FUNDS

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 the Budget, University Budget Office, 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]


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