Chapter Five: Fiscal Affairs
Procedure Title: Royalties from the Sale of Textbooks
Based On: Board Policy Nos. 4, 5, 7
Procedure Number: 5.07a
Date Adopted/Revised: September 30, 2007; June 1, 2015
As outlined by Act 106 of the 86th General Assembly, South Arkansas Community College acknowledges that a conflict of interest exists when a faculty member receives royalties from the sale of textbooks or course materials to students in classes taught by the faculty member.
To comply with Act 106, South Arkansas Community College will require that any faculty member who receives royalties for the sale of textbooks or course materials to students in the faculty member’s own class shall disclose the amount of royalties and remit that amount to South Arkansas Community College. The royalty funds that are remitted to South Arkansas Community College will be deposited and classified as a revenue budget for the applicable department/discipline/program associated with the faculty member's assignment.