Purpose:
Policy establishing maximum general property deposits
Date Approved:
August
13, 1987 (Editorially amended
September 2000)
Background:
Prior
to the amendment of Section 54.502, Texas
Education Code, by the 70th Legislature in House Bill 1831, the assessment
and collection of general property deposits were permissive. Amendments to Section 54.502 make the
assessment and collection of general property deposits mandatory. All U. T. System components are
required to assess and collect general property deposits beginning with the
Fall Semester 1987.
In
compliance with revision to Section 54.502 of the Texas Education Code, the Board adopted the following policy
regarding the imposition and collection of general property deposits within The
University of Texas System:
General Property Deposit Policy
Effective for the Fall Semester 1987, each academic component shall charge and collect a deposit not to exceed $10.00 per student to insure against loss, damage and breakage in libraries and laboratories.
Effective with the Fall Semester 1987, each health component shall charge and collect a breakage or loss deposit of no greater than $30.00 per student for students enrolled in schools of medicine, dentistry and allied health and a breakage or loss deposit of no greater than $10.00 per student from all other students.
Following consultation with the appropriate Executive Vice Chancellor, these general property deposit charges will be reported annually to the Board for approval via docket procedures.
Last reviewed September 2000