Https://wiki.unmc.edu/index.php/Tax Exempt Financing/Tracking Use of Research Space: Difference between revisions
(→Additional Informations: changed http://mailto:dpanowic@unmc.edu to mailto:dpanowic@unmc.edu) |
Mhurlocker (talk | contribs) |
||
(6 intermediate revisions by 2 users not shown) | |||
Line 26: | Line 26: | ||
</table> | </table> | ||
<br /> | <br /> | ||
[[General Accounting]] | [[SBIR/STTR Program Participation]] | [[Supplemental Compensation Plan]] | [[Facilities Management/Planning]] | [[Purchasing]] | [[ | [[General Accounting]] | [[SBIR/STTR Program Participation]] | [[Supplemental Compensation Plan]] | [[Facilities Management/Planning]] | [[Purchasing]] | [[Strategic Communications]] | [[Facility Identification]] | [[Serving Alcoholic Beverages]] | [https://nebraska.edu/-/media/unca/docs/offices-and-policies/policies/policies/university-of-nebraska-travel-policy.pdf NU Travel Policy] | [[Travel Restrictions]] for Nebraska Medicine and UNMC | [https://fleetmanagement.unl.edu/policies NU Fleet Management Policies] | [[Reproducing Copyrighted Materials]] | [[Bank Card Processing]] | [[Student Training Agreement]] | [[Volunteer]] | [[Cash Handling]] | [[Fraud]] | [[Assigning Research Lab Space]] | [[Space Scheduling and Fundraising]] | [[Academic Personnel Records]] | [[Cell Phone]] | [[Off-campus Graphic Design and Related Printing]] | [https://wiki.unmc.edu/index.php/Off-campus_Photography Off-campus Photography, Videography] | [https://wiki.unmc.edu/index.php/Https://wiki.unmc.edu/index.php/Tax_Exempt_Financing/Tracking_Use_of_Research_Space Tax Exempt Financing Policy and Tracking of Both Qualified Use and Non-Qualified Use of Research Space] | [[Secondary Logos]] | [[Social Media]] | [[Sensitive Equipment Tracking]] | [[International Visitors]] | [[Accounts Receivable Management]] | [[Regulations on the Use of University Facilities and Grounds]] | |[https://nebraska.edu/-/media/unca/docs/offices-and-policies/policies/policies/bf-01-moving-relocation-policy.pdf University of Nebraska Moving Relocation Policy] | [[Tuition Remissions]] | [[Collections Management]] | [[Web Governance]] | ||
<br /><br /> | <br /><br /> | ||
Policy No: '''6079'''<br /> | Policy No: '''6079'''<br /> | ||
Effective Date: '''05/11/10'''<br /> | Effective Date: '''05/11/10'''<br /> | ||
Revised Date: ''' | Revised Date: '''09/20/13'''<br /> | ||
Reviewed Date: ''' | Reviewed Date: '''09/20/13'''<br /> | ||
<br /> | |||
<big>'''Tax Exempt Financing Policy and Tracking of Both Qualified Use and Non-Qualified Use of Research Space'''</big> | <big>'''Tax Exempt Financing Policy and Tracking of Both Qualified Use and Non-Qualified Use of Research Space'''</big> | ||
<br /><br /> | |||
== Policy == | == Policy == | ||
It is the policy of UNMC to comply with legal requirements related to the issuance of tax exempt bonds to finance a portion of any building project costs. The purpose of this policy is to specify the requirements. | It is the policy of UNMC to comply with legal requirements related to the issuance of tax exempt bonds to finance a portion of any building project costs. The purpose of this policy is to specify the requirements. | ||
== Requirements == | == Requirements == | ||
UNMC has issued tax exempt bonds to finance a portion of the project costs for the following buildings: | UNMC has issued tax exempt bonds to finance a portion of the project costs for the following buildings: | ||
* Durham Research Center I | * Durham Research Center I* | ||
* Durham Research Center II | * Durham Research Center II | ||
* Michael F. Sorrell Center for Health Science Education | * Michael F. Sorrell Center for Health Science Education* | ||
* Home Instead Center for Successful Aging | * Home Instead Center for Successful Aging* | ||
* Harold M. and Beverly Maurer Center for Public Health | * Harold M. and Beverly Maurer Center for Public Health* | ||
* Center for College of Nursing Sciences (College of Nursing addition) | * Center for College of Nursing Sciences (College of Nursing addition)* | ||
* Truhlsen Eye Institute | |||
*Cancer Research Center (Building is under construction) | |||
*OPPD Building on Leavenworth Street | |||
*Bonds have been paid off as of 09-19-13 | |||
Having issued tax exempt bonds to finance a portion of the above project costs, the University of Nebraska Medical Center (UNMC) is obligated to limit the amount of: | Having issued tax exempt bonds to finance a portion of the above project costs, the University of Nebraska Medical Center (UNMC) is obligated to limit the amount of: | ||
* "private business use" or | * "private business use" or | ||
Line 49: | Line 54: | ||
* Additionally, UNMC should avoid entering into "exclusive use" agreements for space in these buildings. | * Additionally, UNMC should avoid entering into "exclusive use" agreements for space in these buildings. | ||
== Definitions == | == Definitions == | ||
*" | * "Basic research" is research conducted for the advancement of scientific knowledge under an agreement that has no specific commercial objective and conveys no exclusive rights to the sponsor. | ||
*" | * "Private business use" involves use of the facility in a trade or business by anyone other than the University, for example the lease of a portion of a laboratory assignment module or an office to a private entity. | ||
*" | * "Non-qualified uses" include activities funded by private commercial or nonprofit organizations or by the federal government where: | ||
** the research is not basic research | |||
** the university does not own the intellectual property | |||
** the university is not free to (or not expected to) disseminate the research results to the public through publication | |||
** the university grants "non-permitted licenses" (exclusive licenses that are not provided at fair market value, as determined after the product or invention that is to licensed has been created and valued) | |||
*" | * "Exclusive use" agreements are leases or other arrangements that grant rights of exclusive use of specified space to non-University users. | ||
*Uses of these buildings that are not limited to above rules, include: | * Uses of these buildings that are not limited to above rules, include: | ||
** basic research, including federally funded qualified basic research | |||
** state funded activities such as the Nebraska Public Health Lab (DRC II) | |||
== Reporting Requirements == | ==Reporting Requirements== | ||
*New awards to Principal Investigators whose labs are in any of the buildings listed above, that involve either "private business use" or other "non-qualified uses" will be reported by Sponsored Programs Administration to Financial Compliance and flagged in the Grants Management System maintained by Sponsored Programs Administration. | * New awards to Principal Investigators whose labs are in any of the buildings listed above, that involve either "private business use" or other "non-qualified uses" will be reported by Sponsored Programs Administration to Financial Compliance and flagged in the Grants Management System maintained by Sponsored Programs Administration. | ||
*All leases of laboratory or office space in these buildings, or other similar arrangements that give third parties "exclusive use" of space in the buildings listed above, will require prior written approval of the Assistant Vice Chancellor for Budget and | * All leases of laboratory or office space in these buildings, or other similar arrangements that give third parties "exclusive use" of space in the buildings listed above, will require prior written approval of the Assistant Vice Chancellor for Budget and Financial Compliance and will be reported to Financial Compliance. "Exclusive use" arrangements for any of the space in the buildings listed above is strongly discouraged. | ||
*Financial Compliance will monitor the volume of "private business use" and other "non-qualified uses" and report | * Financial Compliance will monitor the volume of "private business use" and other "non-qualified uses" and report annually to the Assistant Vice Chancellor for Budget and Financial Compliance and the Vice Chancellor for Research. | ||
*Financial Compliance will separately monitor and report all "exclusive use" agreements. | * Financial Compliance will separately monitor and report all "exclusive use" agreements. | ||
*Financial Compliance will report annually on the total revenues associated with the buildings listed above | * Financial Compliance will report annually on the total revenues associated with the buildings listed above. | ||
== Additional | ==Additional Information== | ||
*Contact the [mailto:mhrincirk@unmc.edu Senior Manager, Financial Compliance and Cost Analysis].<br /> | |||
*Contact the [mailto: | |||
This page maintained by [mailto: | This page maintained by [mailto:mhurlocker@unmc.edu mh]. |
Latest revision as of 15:28, August 19, 2024
Human Resources | Safety/Security | Research Compliance | Compliance | Privacy/Information Security | Business Operations | Intellectual Property | Faculty |
General Accounting | SBIR/STTR Program Participation | Supplemental Compensation Plan | Facilities Management/Planning | Purchasing | Strategic Communications | Facility Identification | Serving Alcoholic Beverages | NU Travel Policy | Travel Restrictions for Nebraska Medicine and UNMC | NU Fleet Management Policies | Reproducing Copyrighted Materials | Bank Card Processing | Student Training Agreement | Volunteer | Cash Handling | Fraud | Assigning Research Lab Space | Space Scheduling and Fundraising | Academic Personnel Records | Cell Phone | Off-campus Graphic Design and Related Printing | Off-campus Photography, Videography | Tax Exempt Financing Policy and Tracking of Both Qualified Use and Non-Qualified Use of Research Space | Secondary Logos | Social Media | Sensitive Equipment Tracking | International Visitors | Accounts Receivable Management | Regulations on the Use of University Facilities and Grounds | |University of Nebraska Moving Relocation Policy | Tuition Remissions | Collections Management | Web Governance
Policy No: 6079
Effective Date: 05/11/10
Revised Date: 09/20/13
Reviewed Date: 09/20/13
Tax Exempt Financing Policy and Tracking of Both Qualified Use and Non-Qualified Use of Research Space
Policy
It is the policy of UNMC to comply with legal requirements related to the issuance of tax exempt bonds to finance a portion of any building project costs. The purpose of this policy is to specify the requirements.
Requirements
UNMC has issued tax exempt bonds to finance a portion of the project costs for the following buildings:
- Durham Research Center I*
- Durham Research Center II
- Michael F. Sorrell Center for Health Science Education*
- Home Instead Center for Successful Aging*
- Harold M. and Beverly Maurer Center for Public Health*
- Center for College of Nursing Sciences (College of Nursing addition)*
- Truhlsen Eye Institute
- Cancer Research Center (Building is under construction)
- OPPD Building on Leavenworth Street
*Bonds have been paid off as of 09-19-13
Having issued tax exempt bonds to finance a portion of the above project costs, the University of Nebraska Medical Center (UNMC) is obligated to limit the amount of:
- "private business use" or
- "non-qualified uses" of these building.
- Additionally, UNMC should avoid entering into "exclusive use" agreements for space in these buildings.
Definitions
- "Basic research" is research conducted for the advancement of scientific knowledge under an agreement that has no specific commercial objective and conveys no exclusive rights to the sponsor.
- "Private business use" involves use of the facility in a trade or business by anyone other than the University, for example the lease of a portion of a laboratory assignment module or an office to a private entity.
- "Non-qualified uses" include activities funded by private commercial or nonprofit organizations or by the federal government where:
- the research is not basic research
- the university does not own the intellectual property
- the university is not free to (or not expected to) disseminate the research results to the public through publication
- the university grants "non-permitted licenses" (exclusive licenses that are not provided at fair market value, as determined after the product or invention that is to licensed has been created and valued)
- "Exclusive use" agreements are leases or other arrangements that grant rights of exclusive use of specified space to non-University users.
- Uses of these buildings that are not limited to above rules, include:
- basic research, including federally funded qualified basic research
- state funded activities such as the Nebraska Public Health Lab (DRC II)
Reporting Requirements
- New awards to Principal Investigators whose labs are in any of the buildings listed above, that involve either "private business use" or other "non-qualified uses" will be reported by Sponsored Programs Administration to Financial Compliance and flagged in the Grants Management System maintained by Sponsored Programs Administration.
- All leases of laboratory or office space in these buildings, or other similar arrangements that give third parties "exclusive use" of space in the buildings listed above, will require prior written approval of the Assistant Vice Chancellor for Budget and Financial Compliance and will be reported to Financial Compliance. "Exclusive use" arrangements for any of the space in the buildings listed above is strongly discouraged.
- Financial Compliance will monitor the volume of "private business use" and other "non-qualified uses" and report annually to the Assistant Vice Chancellor for Budget and Financial Compliance and the Vice Chancellor for Research.
- Financial Compliance will separately monitor and report all "exclusive use" agreements.
- Financial Compliance will report annually on the total revenues associated with the buildings listed above.
Additional Information
This page maintained by mh.