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What are unrestricted funds in the MUSC financial system?

April 26, 2017financial funds MUSC system unrestricted

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What are unrestricted funds in the MUSC financial system?

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Unrestricted funds are funds other than designated grants and contracts and are subject to the State’s regulations. Non-sponsored funds and budgets are not restricted by sponsor’s terms; however, there may be institutional and/or state policy restrictions on expenditures of unrestricted funds.