MONTANA BOARD OF REGENTS OF HIGHER EDUCATION
Policy and Procedures Manual

PAGE: 940.9.1 (1 of 1)

 

SUBJECT: FINANCIAL AFFAIRS
Section: 940.9.1    Use of Plant Funds, Including Student Building Fee Reserves, for Projects under $75,000; Montana University System
Effective: November 18, 1999; Issued: December 10, 1999


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 reportedsubmitted to the Commissioner of Higher Education and the Board of Regentsby October 15th of the next fiscal yearupon 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).