The State University of New York (University) use agency
accounts to receive, hold and disburse funds on behalf of students,
faculty, staff members or appropriately recognized organizations.
Agency accounts exist because there is a relationship between the
University and the activity from which the funds are derived. These
non-state agency accounts are funded from activities such as
conferences, child-care centers, student activity fees, orientation
fees and a number of other activities. Agency accounts are not to
be used to receive, hold or disburse state funds.