Purchases From and Sales to Employees
Policy Number: 126
Purchasing items or selling items to employees
- Date Reviewed:
- November 2012
- Responsible Office:
- Procurement Services
- Responsible Executive:
- Senior Vice President, Finance and Business Services
I. POLICY AND GENERAL STATEMENT
Purchases from or sales to any employee of The University of Texas Health Science Center at Houston of any supplies, materials, services, equipment or property must have the prior approval of the President or the President's designee. Prior approval and reporting are not required for purchases by employees made at public auctions.
A. Purchases from Employees
For detailed procedural information, refer to the Purchases from Employees section of the Purchasing Procedures.
B. Sales to Employees
For detailed procedural information, refer to the Capital Assets Management Handbook.