23 NCAC 02D .0311. HANDLING OVERHEAD RECEIPTS AND ALLOWANCES

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Funds accruing to an institution as federal allowances, including overhead allowances on federal grant projects, veteran student processing per capita allowances work study processing allowances, and similar items and similar allowances derived from private grant projects, shall be deposited in a special local fund to be used by the institution to fund special projects proposed by the institution and approved by the State President consistent with provisions set forth in the Accounting Procedures Manual.

History Note: Authority G.S. 115D‑5; 115D‑54;

Eff. February 1, 1976;

Amended Eff. August 17, 1981.

                    
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