710.033 FIU Foundation, Inc. Procurement Policy
All purchases must (1) be reasonable in light of the circumstances under which the purchase is being made; (2) be intended to directly benefit the FIU Foundation and/or Florida International University, (3) not jeopardize the FIU Foundation’s tax-exempt status; (4) comply with all applicable laws and regulations; (5) comply with donor’s intent (if applicable) for the use of the funds; (6) be approved by the personnel authorized by the Board of Directors to act on behalf of the FIU Foundation, and; (7) to work with the University in a flexible and positive manner to the University’s goals and mission.
