Approved: November 16, 2001
Section V. Administrative Affairs
Subsection: H. University-Related Organizations
University-related organizations include foundations, alumni
athletic associations, and other not-for-profit organizations
for the purpose of assisting the University in the
its educational objectives.
Audit Commission Guidelines
The relationship between University-related organizations and
shall be governed by the University Guidelines 1982 (as
1997) issued by the Legislative Audit Commission. The
develop a written contract describing this relationship with
its university-related organizations. The contract shall be
to the President for review and shall be subject to approval
Establishment of University-Related Organizations
Proposals to create a new University-related organization
shall be submitted
to the President for approval or for review by the Board
organization is established.
A proposal shall be submitted to the Board by the President
any significant commitment of Board resources for the
or administration of a contribution to a University-related
intended for use by the University. Approval of the Board
shall be required
before such a commitment is made.
Quarterly reports to the Board shall be presented by the
contributions to University-related organizations.