315.01: Gifts and Bequests

The Board of Trustees is statutorily authorized to accept all gifts and donations to the institutions. The Board designates the Chancellor or the President to accept gifts and donations on its behalf.

1. The Chancellor is designated to accept gifts and donations to the Alabama Community College System and to use these for the purposes designated insofar as these purposes are in keeping with the philosophy of the System and the policies and procedures of the Board of Trustees.
2. The President is designated to accept gifts and donations to the institution and to use these for the purposes designated insofar as these purposes are in keeping with the philosophy of the institution, the System, and the policies and procedures of the Board of Trustees.

An institution's gifts and bequests will be listed in the notes to the institution's annual financial statements.