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To articulate the principles and process to be followed in using grant funds to provide additional income from salary release funds for faculty members in the College of Liberal Arts & Sciences.

This policy describes the acceptable uses of state salary savings from an unclassified academic staff member's budgeted salary that is made available when a portion of the state salary is replaced by external sponsored project salary from a funding agency, foundation, or corporation.

This policy describes the acceptable uses of salary savings from a faculty member's budgeted salary (typically academic-year salary) that is made available when a portion of the salary is paid by grants from a funding agency, foundation, or corporation.

To describe the conditions and process for tenured and tenured track faculty to receive bonus payments from excess salary release from grants and contracts.

To define a policy for awarding a bonus payment (maximum of one/year) to faculty members who receive extramural grant or contract funds that replace state appropriated salaries.