(A) Purpose. The university expects each organization to anticipate, provide for and meet promptly its financial obligations in a business-like and equitable manner.
(B) Nonpayment. An organization which fails to meet its financial obligations or has a deficit balance with the university will be informed as to the situation. If prompt corrective action is not taken, the organization will lose the privilege of utilizing university facilities and services. Loss of recognition may be the eventual result of continued nonpayment of bills.
Replaces: 3342-7- 05.4