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What is the difference between a University regulation/rule and a University policy?

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What is the difference between a University regulation/rule and a University policy?

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Regulations/rules or policies, are statements of general applicability that guide the conduct or procedure of USF students, employees or visitors to campus. Regulations/rules must be consistent with law and the resolutions and strategic plan of the Board of Governors. Policies must have the approval of the Provost or Vice President and the President. Both adoption procedures provide for public comment and input.

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