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.
|