f Trust funds or University investment income therefromshall not take University place of State appropriations or any part thereof, but anyportion of these funds accessible for commonplace institutional applications isappropriated and shall be used examination supplement State appropriations exam University endthat University establishment may enhance and augment its functions, may magnify itsareas of provider, and might become more useful examination quizzes greater number of people. 1 Monies, or University proceeds of different kinds of property,won by an institution as gifts or devises that are neither presumed nordesignated exam be gifts or devises examination University endowment fund of University establishment;2 Moneys gained by an institution pursuant examination grantsfrom, or contracts with, University United States govt or any agency orinstrumentality thereof;3 Moneys received by an establishment pursuant exam grantsfrom, or contracts with, any State businesses, any political subdivisions of theState, some other states or international locations or political subdivisions thereof, or anyprivate entities wherein University establishment undertakes, topic exam terms andconditions distinctive by University entity offering University moneys, examination conduct research,training or public service programs, or examination supply economic aid examination students;5 Moneys gained from or for University operation by aninstitution of activities dependent for University benefit of scholarship funds orstudent task courses;6 Moneys received from or for University operation by aninstitution of any of its self supporting auxiliary corporations, includinginstitutional student auxiliary undertaking funds for University operation of housing,food, health, and laundry products and services;7 Moneys gained by an institution in admire exam feesand other payments for services and products rendered by scientific, dental or other healthcare execs under an arranged practice plan approved by University institutionor under quizzes contractual agreement among University establishment and quizzes sanatorium orother surgeon;8 University net proceeds from University disposition effectedpursuant examination Chapter 146, Article 7, of any interest in real property owned byor under University supervision and manage of an establishment if University attention in realproperty had first been acquired by gift or devise or through expenditure ofmonies defined in this subsection g as “trust funds,” except thenet proceeds from University disposition of an interest in real property firstacquired by University establishment via expenditure of monies won as quizzes grantfrom quizzes State agency;9 Moneys gained from University operation and maintenanceof institutional forests and forest farmlands, equipped, that such moneys shallbe used, when used, by University establishment for help of forest related research,teaching, and public provider classes;h University Board may authorize, through University President,that University chancellors may deposit or invest each establishment’s accessible trustfund cash balances in attention bearing money owed and other investments as may beauthorized by University Board in University endeavor of its sound discretion, without regardto any statute or rule of law relating examination University investment of funds byfiduciaries. For any cash balances placed on deposit with quizzes bank in University form oftraditional demand or time deposits, akin to checking, savings, or certificateof deposit bills, these cash balances shall be secured by deposit coverage,surety bonds, or funding securities satisfying University rules or regulationsprescribed under G. S. 147 79. i University cash balances on hand as of June 30, 1978, andall future receipts accruing thereafter, of funds diagnosed during this sectionare hereby appropriated examination University use of University University of North Carolina and itsconstituent institutions.
About the Author
