Integrated CSU Administrative Manual

CSU POLICY

Section:   CSU POLICY MANUAL FOR CONTRACTING & PROCUREMENT

Section 5000 Policies

Policy Number:  5403.0

Policy Title: Services with Special Purchasing Requirements

Policy Effective Date:  January 1, 2014

Last Revision Date:  December 16, 2013


(see revision history)

POLICY OBJECTIVE

To establish any special requirements related to service contracts.

POLICY STATEMENT

The CSU is prohibited from entering into a contract with any entity, whether a specific depository institution or an entity that partners with one or more depository institutions, that requires a student to open an account with that entity as a condition of the student receiving his or her financial aid disbursement.

All contracts for financial aid disbursement entered into on or after January 1, 2014 must provide that the contracting entity shall initiate the direct deposit within one business day of receipt of the financial aid disbursement moneys from the campus.

 

Benjamin F. Quillian
Executive Vice-Chancellor/Chief Financial Officer

Approved: December 16, 2013

APPLICABILITY AND AREAS OF RESPONSIBILITY

 

REVISION HISTORY

 

RESOURCES AND REFERENCE MATERIALS

Useful Guidelines:

 

Related Principles:

 

Sound Business Practices:

 

Laws, State Codes, Regulations and Mandates:

COGNIZANT OFFICE(S)

CO Manager:

Tom Roberts
Director, Contract Services & Procurement
CSU Office of the Chancellor
troberts@calstate.edu

Subject Expert:

Tom Roberts
Director, Contract Services & Procurement
CSU Office of the Chancellor
troberts@calstate.edu

Affinity Group:

Procurement and Support Services Officers

Feedback/Questions/Comments