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Designated Funds

Designated funds are funds allocated to the department and may be used at the discretion of the department.

They can be used to support research, to purchase equipment, to renovate or refurbish offices or laboratories, to augment special travel funds or the library holdings, or to provide student help for faculty. They may not be used, however, to provide faculty salary increases because this would affect the budget for future years.

Primary sources of designated funds are gifts, third-term returns, indirect returns from grants and lab fees.

The balance in a department's designated fund rolls over from one fiscal year to the next.

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