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University Vehicles, Leasing and Purchasing (Excluding Courtesy Vehicles)

Leases of licensed vehicles for employee business and personal usage. Personal use portion of any vehicle leased for or loaned to an employee is taxable income to the employee.

This is a sub-set of the full Signature Authority Policy. Please be sure to review the Signature Authority Policy before proceeding.

Also refer to Business Policies & Procedures


Final Signature Authority:

President

Additional Information and Requirements:

  • Purchasing manages vehicle program and contracts;
  • Required review by Risk Management for insurance and tags.

Resources:

Business Policies & Procedures:    Capital Assets Management

Risk Management Office

Last Updated: January 1, 2011


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