Louisiana Tech University - Policies and Procedures

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Policy 5402

University Funds

WWW Posting Date: 1/15/2002
Responsible Office: Comptrollers Office

Off-Campus Bank Accounts

It is the policy of Louisiana Tech University that no Department or unit of the University or University employee shall establish a bank account off-campus for the receipt of University funds. All accounts for University funds shall be established through the Division of Administrative Affairs.

All funds solicited or received in the name of Louisiana Tech University, or any division thereof, by a Department, unit, or employee of the University must be deposited with the Comptroller's Office.

This policy applies to Departments, programs, institutes, camps, and any other University-related entity. This policy does not apply to student organizations, clubs, groups, etc. which are simply registered with the University.