Redistribution of Article IV Funds Sample Clauses
Redistribution of Article IV Funds. 1. Upon discussion between the college EOF director and the designated University Business Manager for EOF programs, a college shall submit a proposal to OSHE if it desires to make any budget changes within its own budget for projected use of unexpended Article IV funds. Such proposal shall be submitted by the contract deadline for budget changes of the projected use of unexpended funds.
2. No later than the specified deadline for contract budget changes for the spring semester, the University will submit a budget change request package to OSHE which would transfer Article IV funds, within region, from one college where an under-expenditure exists, to another college where there is need for additional Article IV funds.
3. All budget change requests shall be submitted with the signatures of the appropriate college EOF Director and the University Business Manager for EOF Programs to the EOF Executive Director and the appropriate program liaison for review and approval.
4. Any reallocation of unexpended Article IV funds under this section must have the prior approval of OSHE.