Only funds raised by the organization may be deposited in an outside checking account when such account is expressly permitted by the President. This list shall include the name of the organization, the program with which it is affiliated, if any, and the statement of the organization's purpose. B. The System Director of Student Accounting shall submit a list of student organizations eligible for sales tax exemption to the Comptroller of Public Accounts by January 31 of each even-numbered year. Each campus shall establish and implement procedures to ensure that the academic progress of student organization officers is reviewed quarterly and that student organizations take appropriate action in the event of academic deficiency. All student organizations monitor officers' cumulative Grade Point Average on a quarterly basis and take corrective action for academic deficiencies as appropriate and necessary.
Campuses implement review procedures to ensure compliance.