Fee-for-Service Educational Activity Loans
Per Florida Statute (FL Stat §1010.62), Fee-for-Service Educational Activities (FSEAs) are prohibited from loaning funds to other Auxiliaries or providing revenues to secure loans for other FSEAs unless approved by the Board of Governors.
All institutional loans must be administered by the University’s Central Bank Institutional Loan Program.
Reason for Directive
To comply with Florida Statute 1010.62 and ensure responsible stewardship of FSEA funds.
Who must comply?
All Fee-for-Service Educational Activities.
Fee-for-Service Educational Activity
Revenue-generating activity from the provision of goods and/or services. Such activity enhances, promotes, or supports the University’s instruction, research, public service and campus support functions, and other educational and support functions in order to meet the needs of students, faculty, staff, and members of the public participating in University events and programs.
07/31/2021: reviewed content
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