Procedure 4-14

Transactions with Employees

Responsible Officer: Vice President for Business Affairs and Controller

Sponsoring Department: Procurement Services

Revision Date: 23 February 2005

Errors or changes to:

Purchase from, or sale to, any officer or employee of System Administration or an institution of any supplies, materials, services, equipment, or property must have the prior approval of the chief administrative officer. Any such purchases shall be made only if the cost is less than from any other known source. This procedure does not apply to sales or purchases made at public auction.