The purpose of this policy is to establish guidelines and responsibilities for reporting and handling incidents involving suspected or actual misappropriation of University assets.
As referenced in Governing Regulation, Part XIV, Ethical Principles and Code of Conduct, it is the responsibility of every employee to safeguard University assets, as well as to report any suspected misappropriation of University assets. In substantiated cases of misappropriation of assets, it is the policy of the University to obtain restitution, to impose administrative sanctions, and to refer violations of criminal statutes for prosecution. Units are not authorized to negotiate restitution settlements. The decision to settle or litigate a case is a University decision and belongs to the Executive Vice President for Finance and Administration.