When the university accepts a grant which provides funds to pay for a portion of a faculty member’s time which otherwise would be devoted to teaching (“released time”), the university will develop a budget for the use of the released compensation monies. The faculty member’s normal compensation, assuming continuation of full-time status, will be maintained. From the released funds, monies will be reserved to cover classes that would normally be taught by the individual concerned, the department chair and the relevant Dean agreeing on which courses will be taught and by whom. Sufficient funds will be budgeted to hire a person with teaching qualifications as comparable as possible to those of the regular instructor. Normally, adjuncts or other part-time people will be employed, and in no case will regular faculty be asked to accept overloads to cover the needed courses. Unless prohibited by the terms of the grant, any remaining regularly budgeted released compensation funds will be administered by the dean for purposes which are in the best interests of the university as a whole.