3 Del. Admin. Code § 701-11.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 701-11.0 - Sources of Funding

11.1 The Foundation may accept donations, property, or development rights as gifts and monetary gifts from any source, public or private.

11.2 Monies not needed on a current basis by the Foundation may be invested with the approval of the Board of Trustees.

11.3 The Fund is subject to an annual audit to be prepared by an independent, certified public accountant. The findings of all audits shall be presented to the Board.

11.4 The Foundation shall manage the monies appropriated to it by the General Assembly in accordance with the terms of the appropriations.

3 Del. Admin. Code § 701-11.0

19 DE Reg. 482 (12/1/2015) (Final)