Board of Trustees Policy  360.1

TAX-EXEMPT OBLIGATIONS POST-ISSUANCE COMPLIANCE

The original PDF version of this policy is linked from the revised date below.

Policy

The purpose of this policy is to facilitate the development of procedures which will aid in post-issuance compliance for tax-exempt obligations issued by the Board of Trustees of the University of Arkansas. The President and Vice President for Finance will develop a procedure manual to assist in compliance in the following areas: (a) record-keeping, (b) investment and arbitrage compliance, (c) expenditure and asset documentation, (d) private business use, and (e) continuing disclosure compliance. For each campus or division for which tax-exempt obligations have been issued, the Chancellor or Vice President of Agriculture shall appoint a Responsible Person, who will fulfill the procedures for compliance.

September 4, 2009