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.