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The procedures for authorisation of Trust Funds and Special Funds expenditure involve explicit approval by a Manager of the Fund and are set out in a separate chapter of the Financial Procedures Manual (Chapter 13 - Trust Funds).

Financial Regulation 14.3 stipulates that:
University trust funds are governed by regulations set out in Statutes and Ordinances. Trust fund managers shall ensure that funds are used for the proper purposes in accordance with the rules of the specific fund and the University's general charitable purposes.


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