Policy 390.50 - Salary Advances
ORIGINATOR: Assistant Vice President
SUBJECT: Salary Advances
- Salary advances for unearned income shall not be permitted.
- Salary advances for earned income must be approved by the Department Head and the Assistant Vice President, Finance.
- Salary advances will not normally exceed 90% of the net expected bi-weekly salary.
- Exceptions to the policy must be approved by the President.
Reference: System Policy VII-4.30