Proposed Revisions to 901.6 - Authorization to Expend Reverted Appropriations
Board policy:
Consistent
with the intent of MCA 17-7-304 and MCA 17-7-502, each
campus shall be authorized to revert to an account held by the Board of Regents
and be authorized to expend funds from the account for deferred maintenance and
equipment/fixed assets consistent with a long-term plan approved by the
Board of Regents.
Procedures:
1. Each campus must present a long-term
plan for Regent approval consistent with the intent of MCA 17-7-304. Campuses may revise their long-term
plans, with Regential approval, to meet changing needs and priorities.
2. Prior to expenditure of funds from a
reverted appropriation, the campus must submit an itemized expenditure list
which is consistent with the long-term plan approved by the Board of Regents
to the Commissioner of Higher Education.
3. The Commissioner shall review and approve
the list to insure that such planned expenditure is consistent with the long-term
plan on file.
4. The Commissioner shall be responsible for
establishing the accounts necessary to carry out the intent of MCA 17-7-304.
5. Each campus shall submit upon request of the
Commissioner a summary of expenditures from the reverted account.
6. This policy terminates June 30, 1996, unless
MCA 17-7-304 is reauthorized.
History:
Item 71-003/7003-R0691,
Authorization to Expend Reverted Appropriations, June 21, 1991.
