Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

REGENTS’ POLICY MANUALSECTION 7 – UNIVERSITY DEVELOPMENTNo University official may request or receive any money grant or award from The University ofOklahoma Foundation, Inc., unless said request has been authorized by the President. Requests for suchfunds shall be reviewed and approved by the appropriate dean or director, the appropriate campusexecutive officer, and the President. Upon authorization by the President, the request shall be forwardedto the President of The University of Oklahoma Foundation, Inc., for action.This policy does not prohibit cash advances that are contractual arrangements between the Universityand The University of Oklahoma Foundation, Inc., which are covered by contracts approved byUniversity Legal Counsel and authorized by the Board of Regents, nor does it prohibit short term (180days or less) cash advances that The University of Oklahoma Foundation, Inc., might provide aUniversity department or college to meet a temporary cash flow requirement (e.g., football bowl gameexpenses pending receipt of conference allocation, immediate settle-up with promoters for concerts heldat Lloyd Noble Center, international travel, student group travel).Additional information is available through The University of Oklahoma Foundation Inc.’s printedand online publication, “Guidelines For Use of Foundation Funds.”(RM, 3-21-95, p. 24298; 12-02-03, p. 28868)THE UNIVERSITY OF OKLAHOMA 317