Section 8-A306. RETENTION AND INVESTMENT OF NON-APPROPRIATED SURPLUSES

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306.1The School of Law shall retain non-appropriated funds at the end of each fiscal year. Retained non-appropriated funds shall be reported to the Board, and any expenditures from these funds shall be subject to prior approval by the Board.

306.2The Dean or his designee, with the approval of the Dean, shall be authorized to invest a portion or portions of the surplus funds of the School of Law in short term United States government obligations with maturity dates of not more than one (1) year from the date of investment.

306.3The Dean shall report investments made pursuant to §306.2 to the Board prior to the meeting of the Board following the investment.

source

Final Rulemaking published at 35 DCR 5876 (July 29, 1988).

                    
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