Regents' Policy Manual - Section 7.6: University Enterprise Business Activities

Adopted Date: 09-12-1996
Amended: 12-14-2010
Amended: 12-09-2020

Applicability

This policy applies to all activities conducted by the University of New Mexico and its affiliated units where fees are charged for providing goods or services to the general public.

Policy

All University business enterprise activities shall be related to the University's mission of providing instruction, research, scholarship, cultural innovation, public service, patient care, and campus support. Some activities within this mission may be organized as separate and distinct business cost centers, with fees charged for providing goods and services that enhance, promote or support the University's mission and meet the needs of students, faculty, staff and patients. Some of these business activities may also be available to the general public. The University shall comply with all applicable laws and regulations concerning its business activities.  The governance of business enterprise activities in respect of the Health Sciences Center shall be as set forth in RPM 3.4.

Implementation

The President shall establish administrative policies and procedures to ensure that all business activities are related to the University's mission. Exceptions to the policy may be authorized by the President when clearly in the best interest of the University and the public.

Delegation of Authority

The Executive Vice President for Administration/CFO/COO and the Executive Vice President for Health Sciences and Chief Executive Officer of the UNM Health System (in respect of Health Sciences Center activities) shall be responsible for oversight and review of University business activities, including periodic review of all University business enterprise activities.

References

University Business Activities, UBPPM Policy 6010.