Article 2—General Policies and Regulations
Part 3. Registered Organizations and Organization Fund
§ 2-306 Organization Fund—Purpose
The financial system of the Organization Fund is operated by the
Office of Business and Financial Services, acting for the comptroller
of the Board of Trustees, under the authority of the Board of Trustees,
without liability of the University, in order to: (1) provide a
depository for the safekeeping of registered organizations’
funds, (2) consolidate and coordinate financial accounts of various
organizations, (3) secure uniformity in accounting procedures and
records, (4) maintain continuity of records of business officers
and their successors, (5) aid organizations in keeping their activities
on a sound financial basis, (6) ensure protection of interests of
the state and the University in the use of its facilities, and (7)
offer a service to organizations.
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