Section 8-B503. FINANCIAL MANAGEMENT OF CAPITAL PROJECTS

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503.1Each project shall be developed within the appropriated funding limit of the project.

503.2The following shall be accomplished only with the expressed approval of the Board Committee on Campus Planning, Buildings and Grounds:

(a)Reprogramming in excess of twenty-five thousand dollars ($ 25,000);

(b)Budget increases in excess of twenty-five thousand dollars ($ 25,000); and

(c)Program modifications.

503.3The University shall maintain complete and accurate project records, including architect/engineer selection, contract documents, shop drawings, specifications, and financial requests and disbursements.

                    
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