FN 31 OneCard

Summary

The University supports the use of a OneCard to pay for eligible University expenses, as doing so allows the University to (1) maintain compliance with the IRS Accountable Plan Rules (26 CFR 1.62-2); (2) provide University units (i.e., responsibility centers, academic departments and schools, operational departments, or regional campuses) greater control of their budgets; (3) reduce risk associated with ineligible spending; (4) increase efficiencies in how the University pays for its expenses; and (5) conform with relevant regulations associated with sponsored projects.