Chapter 4

ARTICLE III. Use of University Funds--Operational Policies and Practices*

The principal investigator of a grant is empowered to spend funds: (1) according to the terms of the grant or contract, and (2) for personnel (in accordance with university personnel policy) and for equipment or supplies which will assist in the furtherance of the purpose of the project.

University operating funds budgeted for research may be expended only upon the approval of the department head who has the responsibility for his or her department's budget.

*Office of the University Vice President 12/8/69; amended 10/17/90.