Article 15: Treasury of the University
15.A.1 Treasury of the University
As authorized by state constitution and statute, the university shall maintain a university treasury under the direction and control of the Board of Regents.
15.A.2 Treasury Assets
The treasury of the university shall hold all university moneys and securities except as otherwise authorized by the Board of Regents.
15.A.3 Asset Management
In accordance with regent policy and federal and state laws, rules, and regulations, university assets held in the treasury shall be managed, invested, and accounted for by the treasurer.
In accordance with regent policy and state and federal laws and regulations, the treasury shall manage all university debt.
In accordance with regent policy, endowments and quasi-endowments shall be established in the treasury.
15.A.6 Advisory Committee
In accordance with regent policy, an investment advisory committee shall be established to provide advice to the treasurer on the management and investment of assets held in the treasury.
History: Last Amended December 19, 2002 (formally Amendments to the Laws)