Policy and Procedures Manual


SUBJECT:  FINANCIAL AFFAIRS                                               

Policy 940.9.1 - Use of Plant Funds; Including Student Building Fee Reserves, for Projects Under $75,000
Effective March 25, 2004; Issued April 8, 2004

Board policy

            1.         The president or chancellor of any campus of the Montana University System may expend plant funds up to $75,000, including student building fee reserves, to plan, construct, renovate, equip, maintain or improve any campus buildings or facilities. 

            2.        A summary report of such expenditures authorized in any fiscal year shall be submitted to the Commissioner of Higher Education and Board of Regents upon request.

History:      Item 19-004-R0178, Use of Plant Funds, including Student Building Fee Reserves, for projects less than $10,000, Montana University System, January 16, 1978, as revised November 11, 1993, July 9, 1999, and November 18, 1999 (Item 104-103-R0999), and March 25, 2004 (ITEM 122-104-R0304, see Attachment 3).

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