3726.14.02  ADMINISTRATION OF IRA FUNDS

The principal business officer is responsible for:

1.	Receipt and deposit of both the IRA fee monies and the income from 
	investment of IRA fees in the CSU Trust Fund.  Expenditure of these 
	monies in support of IRA will be made directly from the State 
	University Trust Fund (No. 948, Subfund 463)---Instructionally Related 
	Activities.  All other IRA-related revenues (i.e., gifts, gate receipts, 
	Associated Students contributions, etc.) may, with the exception of 
	General Fund IRA resources, be deposited in trust at campus option.

2.	The leasing, contracting, and procurement of services and supplies, 
	which shall be in accord with Chancellor's Office directives.

	These expenditures also may be handled by a contract with an 
	Auxiliary organization.  See SUAM Appendix BA 3962 for contractual 
	requirements.

3.	The proper investment and expenditure of IRA fees and the reporting 
	of the status of these activities to the campus President at intervals 
	established by the President.