Procedure 8.3.1 College and University Related Foundations Procedure - History

System Procedures
Chapter 8 - College & University Relations

for Procedure 8.3.1

Procedure History:

Date of Adoption: 01/19/00
Date of Implementation: 01/25/00
Date of Last Review: 04/02/18

Date & Subject of Amendments:

4/2/18 - Removed references to system office as related foundations will contract with a college or university. Removed verbiage from the purpose statement that is duplicated from Policy. Updated Part 4 subpart C Reporting requirements for clarity. Added Part 4, subpart E Further Limitations and subpart F Real Property. Applied new formatting and writing styles resulting in technical edits.

1/25/12 - The Chancellor amends all current system procedures effective February 15, 2012, to change the term "Office of the Chancellor" to "system office" or similar term reflecting the grammatical context of the sentence.

2/18/04 - Amended Part 4, C: Foundations: revise timeframe for financial statements to be completed for state university foundations to three months of the close of their fiscal year and for the state colleges to remain six months of the close of their fiscal year unless notified by special memorandum from the chancellor or designee.

10/10/03 - Amended Part 2,C: Foundation Board Members: provide definitions and guidelines for college or university employees or Office of the Chancellor employees to participate as a voting member or officer of the board of directors of a college-, university-, or Office of the Chancellor-related foundation. Also technical change: changed "system office" to "Office of the Chancellor."