9.71 Prepayment of Purchase Orders
The prepayment of Purchase Orders is not encouraged, but it may be authorized
in the following ways when such prepayment is determined to be in the
best interest of the University and the State of Iowa.
1. Mandatory prepayment may be authorized by the Chief Purchasing Agent
where prepayment is clearly required by a vendor before goods or services
can be obtained.
2. Discretionary prepayment may be authorized by the Chief Purchasing
Agent where a non-mandatory prepayment is less than $100.00 and it is
determined by the Chief Purchasing Agent that prepayment is in the best
interests of the University and the State of Iowa.
3. Specific prepayment may be authorized by the Director of Business Services
where a non-mandatory prepayment is more than $100.00. The Director may
seek the advice of the Chief Purchasing Agent or others in determining
whether such prepayments are in the best interest of the University and
the State of Iowa. Unusual situations will be brought to the attention
of the University's Chief Fiscal Officer by the Director of Business Services.
Vice President for Administrative Services | 
