Pol-Relationship to State

policy Relationship State modified Fri Jan 31 2020 10:29:22 GMT-0500 (Eastern Standard Time)

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University of Louisville

OFFICIAL
UNIVERSITY
ADMINISTRATIVE
POLICY

POLICY NAME

Relationship to State

EFFECTIVE DATE

June 2007

POLICY APPLICABILITY

This policy applies to the University of Louisville and its employees (administrators, faculty, and staff).

POLICY STATEMENT

In financial matters, the University of Louisville, as an agency of the Commonwealth of Kentucky, must comply with applicable sections of:

a) Title VI, Financial Administration, Chapters 41 through 56, of the Kentucky Revised Statutes (KRS);

b) Model Procurement Code found in KRS 45A;

c) KRS 164A 550 – 630 (House Bill 622) known as the "University Management Bill", an act relating to financial management of state supported institutions of higher education; and

d) Regulations promulgated by the Finance and Administration Cabinet and Office of Kentucky State Treasurer.


Affiliated corporations, as defined by House Bill 622, are administered in accordance with policies and procedures that govern the University of Louisville.  These affiliated corporations include, but are not limited to, the University of Louisville Research Foundation, Inc. and the University of Louisville Athletic Association, Inc.


ADMINISTRATIVE AUTHORITY

Vice President for Finance and CFO

RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION

Controller’s Office
Service Complex, Louisville, KY 40292
Phone: 502-852-7072
E-Mail: controll@louisville.edu

HISTORY

Revision Date(s):
Reviewed Date(s):

The University Policy and Procedure Library is updated regularly. In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.