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Policy Number: VIII-7.00(B)

University of Maryland, College Park Policy Concerning Financial Commitments

All Policies Section VIII: Fiscal and Business Affairs

University of Maryland, College Park Policy Concerning Financial Commitments

(APPROVED BY THE PRESIDENT August 1, 1991)

I. Policy

It is the policy of UMCP that no employee has the authority to make any purchase commitment, enter into any contract for materials or supplies, or otherwise to take any action which may be construed as financially binding to the University except through the usual channels under the authority of the Campus Director of Procurement and Supply.