September 21-22, 2000
ITEM 108-2006-R0900 Authorization to Expend 1999 Reverted Appropriations in Accordance with the Long-term Maintenance Plan; Montana State University-Bozeman
THAT: The Board of Regents of Higher Education authorizes Montana State University-Bozeman to expend $280,316 in reverted appropriations from FY99 in accordance with the long-term maintenance plan.
EXPLANATION: 1. Consistent with MCA 17-7-304, Board of Regents Policy 901.6, establishes procedure for using reverted appropriation funds in accordance with a long-term plan, prepared by the affected university unit, for major and deferred maintenance expenditures and equipment or fixed asset purchases.
2. The FY99 Reverted Appropriations will be used to accomplish major and deferred maintenance work as documented in Montana State University-Bozeman's, FY99 Reversion Account Maintenance Plan (attached).
3. Expenditures for this work will be limited to funds available in the account and, as required by policy, a summary of expenditures from the account will be reported to the Commissioner upon request.