311. FUND-RAISING AND GIFTS

311 FUND-RAISING AND GIFTS 311.1 The Dean shall develop, initiate, implement, and approve fund-raising campaigns for the benefit of the School of Law in accordance with the policies of the Board. 311.2 The Dean shall be authorized to determine, consistent with any expressed intent of the donor or to the extent not specified by the donor, the following with respect to any gift of not more than one hundred thousand dollars ($100,000): (a) The purpose for which the gift shall be used; and (b) Whether income or principal, or both, shall be used. 311.3 Any action taken pursuant to §311.2 shall conform to the established programs and policies of the School of Law and shall not constitute a commitment requiring expenditures in excess of budgeted items. 311.4 The Dean may return to the donor all or any unused portion of a gift of personal property when the purposes of the gift have been fulfilled or fulfillment has become impossible or impractical and alternative uses are precluded. SOURCE: Final Rulemaking published at 35 DCR 5876 (July 29, 1988).