• 
  • Chancellor
  • Academic Affairs
  • Administration and Finance
  • Advancement
  • Communications
  • Councils & Workgroups
  • Internal Audit
  • Government Relations
  • Procurement
  • Legislative Testimony
  • Employment
  • Directions to the USM System Office
  • System Office Staff Directory
  • Organizational Chart
  • Organizational Chart of Institutions
• 
  • Universities
  • Research Institutions
  • Online Application
  • Transcripts
  • Systemwide Staff Directory
  • USM Institutions Map
• 
  • Members
  • Committees
  • Schedule of Meetings
  • Agendas
  • Minutes
  • Bylaws and Policies
  • Effectiveness & Efficiency Initiative
  • Honorary Degrees
  • Advisory Councils
  • Resolutions
• 
  • Bylaws
  • System Policies
  • I. Systemwide Councils and Institutional Boards
  • II. Faculty
  • III. Academic Affairs
  • IV. Research
  • V. Student Affairs
  • VI. General Administration
  • VII. Human Resources
  • VIII. Fiscal and Business Affairs
  • IX. External Relations
  • X. Information Technology
• 
  • Employment Opportunities
  • Human Resources Policies
• 
  • Search for:

  297.0 VIII-10.20 - POLICY ON THE CAPITAL BUDGET OF THE 
  UNIVERSITY OF MARYLAND SYSTEM
 
 
  (Approved by the Board of Regents, May 1, 1992)
 
 
  1.   The Chancellor shall present annually to the Finance
       Committee a proposed 5-year request for the State Capital
       Improvement Program and the System Funded Construction
       Program.  The information provided shall:
 
   A.  Include the request of each institution and each component
       as formulated by its President to implement Board of
       Regents' approved policies and plans.
 
   B.  Include the Chancellor's recommendations for each
       institution and component for each type of request.
 
   C.  Include the Chancellor's recommendations for System
       priorities for the State Capital Improvement Program.
 
   D.  Recognize the differences in the size of the institutions
       and components and in their missions as established by the
       Board.
 
   E.  Be prepared and presented in accordance with the timetable
       and instructions established by the Board.
 
  2.   The Finance Committee shall consider and recommend annually
       to the Board a proposed State Capital Improvement Program
       and a System Funded Construction Program.
 
  3.   The Board shall review and modify, as necessary, the
       recommendations of the Finance Committee, and approve a
       State Capital Improvement Program and a System Funded
       Construction Program.
 
  4.   Each President shall prepare the required documentation
       consistent with the System budgets as approved by the Board
       and in accordance with the timetable and instructions
       established by the Chancellor.
 
  5.   After approval by the Board of Regents, the Chancellor shall
       submit annually to the Governor and the Maryland Higher
       Education Commission the documentation required for the
       State Capital Improvement Program and the System Funded
       Construction Program.
 
  6.   In order to avoid delays in the completion of projects in
       the System Funded Construction Program, the Chancellor may
       authorize expenditures in excess of that approved by the
       Board in the amount of 10% or $500,000, whichever is less,
       and shall report any such actions to the Finance Committee.
 
  7.   The Board of Regents shall approve in the System Funded
       Construction Program all projects proposed for funding
       through any kind of borrowing; the Chancellor shall be
       responsible for determining the most appropriate method(s)
       of financing those projects approved by the Board.