Purchase Guidelines

Local Funds

Local funds are all funds collected at the institution that are not educational and general funds. Once funds are deposited at TAMU, they are TAMU's funds and must follow TAMUS regulations and TAMU rules. If money is given for a specific purpose, that money should be spent only on that specific purpose. Local funds are less restrictive than state funds. For the types of local funds and usage guidelines, please see the Summary of Accounts.