Policy Type: Board- Executive Limitations
Related Policies: B2001, B2002, B2003
Linked Procedures: None
Related Laws: None
Related Standards: None
HLC Criterion: 2A & 5B
The President shall not enter into any formal or informal partnership, grant, or contractual arrangement that fails to emphasize the accomplishment of Board Strategic Outcome policies, avoid unacceptable means, or protect the College’s fiscal integrity or public image.
Without limiting the foregoing statement, the President shall not:
- Accept gifts or grants which obligate the College to make significant, long-term expenditures of funds or other resources, other than those created by the gift or grant, or which are not in the best interest of the college.
- Enter into arrangements that have stipulations which could result in the funds being used in imprudent, unlawful or unethical ways.
- Fail to ensure gifts are used in the manner agreed upon with the donor.
- Enter into arrangements that fail to assess and consider an applicant’s capability to produce appropriately targeted, efficient results.
|Date of Change||Description of Change||Governance Unit|
|03-07-22||Initial Adoption||Board of Trustees|