MONTANA BOARD OF REGENTS OF HIGHER EDUCATION

 

Policy and Procedures Manual

 

ITEM 122-104-R0304  Attachment 3                            PAGE:  940.9.1  (1 of 1)

 

SUBJECT:  FINANCIAL AFFAIRS                                Effective:  November 18, 1999

 

            Section:  940.9.1    Use of Plant Funds, Including  Issued:  December 10, 1999

                                                Student Building Fee Reserves,

                                                for Projects under $75,000;                     Approved:

                                                Montana University System


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 reported submitted to the Commissioner of Higher Education and the Board of Regents by October 15th of the next fiscal year 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).