To establish authority and responsibility for the request and maintenance of letter of credit agreements funding sponsored programs.
May 2021Responsible Office
Research Services, in consultation with the Office of the Comptroller is responsible for:
Research Services will ensure that cash receipts under letter of credit agreements are timed as closely as possible to cash disbursements. Any interest due on Federal cash will be calculated and paid to the appropriate sponsor by Research Services in accordance with applicable Federal regulations.
Research Operations Cash Management Group ORS
The source of this document is Research Services.