New Policies in Process,
as of 7/1/08


  • Creating Quasi Endowment Accounts for Investment — Establishes guidelines for University units to create quasi-endowment accounts in order to invest funds in UVIMCO's long-term pool.
  • Extending Offers of Employment to Faculty — Establishes the requirement that conditional offers of employment be made only by designated hiring officials.
  • Internal Investment Program — Establishes guidelines for University units to earn interest income on certain surplus cash by investing with the University's Internal Bank.
  • University-owned Vehicle Use Requirements — Establishes usage rules that promote safe operation of University vehicles in accordance with the State's vehicle regulations and the laws of the jurisdiction where the vehicle is being driven.

    • Previously noted as in process:

  • Private Use in Debt-Financed Buildings — Establishes guidelines for analysis of private business use of proceeds for the University's tax-exempt bonds.

Existing Policy Under Review,
as of 7/1/08


  • Establishment and Maintenance of Bank and Financial Institutional Accounts — Sets guidelines for establishing and maintaining accounts so as to provide for effective oversight and administration.
  • Financial Conflict of Interest for Research Investigators — The policy change combines the submission, review process and approval system for financial interests under both the state and federal statutes into one policy. It also establishes a Conflict of Interest Review Committee.
  • Internal Borrowing Program — This policy combines existing long-term and short-term loan programs offered to departments. The change requires approval of such loans by the Director of Treasury Operations.

    • Previously noted as in process:

  • Emergency/Disaster Leave — Allows up to two weeks (80 hours) of leave for full-time and part-time classified salaried employees, University staff and salaried research assistants to participate in emergency/disaster relief under certain criteria. The policy is being expanded to include faculty.
  • Patent Policy — Assists in getting UVa research innovations to the commercial marketplace; generates royalty funds that can be invested in future research; helps inventors protect their inventions and receive royalty income.
  • Short-term Wage Employment — Ensures the University provides fair hiring practices and hires wage employees for rational business reasons.