Business Procedures Manual

Essential business procedural components for University System of Georgia institutions.

Section 25 Introduction

(Last Modified on May 14, 2015)

Section 9.8 of the Board of Regents (BOR) Policy Manual states that “the Board of Regents considers Public Private Ventures to be essential to implementation of Strategic Capital Planning.” Further, Section 9.8 states that “the USG chief facilities officer and the USG chief financial officer will establish guidelines for USG institutions and cooperative organizations in the conduct of Public Private Ventures.”

Compliance with these procedures will be the subject of periodic audits and each institution should maintain documentation of its compliance. Accordingly, this section addresses capital management strategies by developing guidelines that will:

  • Allow the USG to maintain a strong financial market position and sound credit ratings;
  • Preserve the USG’s financial strength and credit-worthiness by developing system-wide guidelines to manage capital liability obligations incurred by utilizing various available funding mechanisms to acquire or construct capital assets;
  • Limit the use of PPV financing in accordance with the USG Capital Liability Management plan; and
  • Utilize PPV financing only for strategically important projects.

Topics to be covered include:

  • Capital Strategy
  • Capacity and Affordability
  • Capital Liability Structure
  • Project Approval Process
  • Capital Liability Reserve Funding Requirements and Accounting
  • PPV Project Cash Flow Reporting Requirements
  • PPV Project Accounting with Unique Identification Codes
  • PPV Housing Residency Requirements
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