| Policy Number: | 3354:2-20-78 |
| Title: | Computer and Computer-Related Equipment Financing
Date Approved by the Board of Trustees: 12/7/00
Updated & Approved: 03/06/2003 |
| Related Procedure | HR20-78 |
| Continuing Admin & S/P | Temporary Admin & S/P | Tenure-track Faculty | Non-tenure track Faculty |
| x Full-time | x Full-time | x Full-time | x Temporary |
| x Partial-year | x Partial-year | x Part-time | |
| x Part-time | x Part-time | ||
| Staff | Staff |  | |
| x Full-time | x Full-time | ||
| x Partial-year | x Partial-year | ||
| x Part-time | x Part-time |
- The Board of Trustees authorizes the interest-free financing of computer and computer-related equipment for continuing full-and part-time employees after 6 months of employment.
- Financing of computer and computer- related equipment may be handled through payroll deductions over a period not to exceed thirty months nor an outstanding balance of $3,000 ($2,000 if the employee is continuing, part-time).
- Any outstanding computer and computer-related loan must be repaid prior to an employee's termination or retirement date.