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What types of transactions are allowed on ICR funds?

April 26, 2017allowed funds ICR transactions types

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What types of transactions are allowed on ICR funds?

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A. The primary purpose of ICR funds is to provide unrestricted support for a unit’s core operations. As long as the expenses are in compliance with University policy and are intended to provide support for a unit’s operations, then the expenses are allowable expenses on the ICR fund.