This university policy has been completely rewritten to classify major purchasing methods as either under State contract or not under State contract. Purchases not under State contract are classified as either purchases from University facilities, petty cash purchases, small purchases, local competitive purchases, or purchases based on sealed State bids. The policy sets forth the methods and procedures for all purchases. In addition, it provides several specified exemptions and exceptions. Finally, the policy establishes programs to ensure support of historically underutilized businesses.