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University activities must have specific legal authority to be considered non-state funds, as specified by several statutes of the State of North Carolina. Approval authority for Upper Ledger 3 (35XXXX thru 39XXXX), some Ledger 7, and Ledger 9 projects is transitioning to the University Budget Office. Additional information will be posted on this page soon.

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Useful Links

Trust Fund Forms BA-108 and BA-109 with Instructions (xls)

Trust Fund Guidelines (pdf)


Administrative Service Charge (pdf)

Definition of Gifts, Grants and Contracts

Internal Cash Transfer Guidelines (pdf)

Spending Guidelines (Unity Login Required)

Trust Fund Budget and Journal Template Information (pdf)

Umstead Act, G.S. 66-58 (Sale of merchandise or services by governmental units)

UNC Policy Manual: Policy on Review of Umstead Act Exceptions

Unrelated Business Income Tax Guidance (University business unrelated to its tax-exempt purposes)

Please contact Sangeeta Kapoor or Luke McHale for assistance.

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