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ETHYL ALCOHOL REGULATIONS

Material & Disbursement Services (MSD)

POLICY 45

Effective Date: 07/01/1992

Last Modified Date: 11/19/2003


Permitted Uses

The procurement and use of tax-free ethyl alcohol is authorized by a special permit granted to the University by the U.S. Treasury Department, Internal Revenue Service. The permit recognizes the following authorized uses:

Ethyl alcohol cannot be used for any purposes other than those listed on the permit.

Handling

The following controls are placed on the handling of tax-free alcohol.

Source of Regulations

Those agencies or departments of the University that need tax-free alcohol for the formulation of medicines or products should become familiar with all the regulations issued in IRS Publication No. 444 (9-60), "Distributing and Use of Tax-free Alcohol."

Federal Audits

The Director of Material & Disbursement Services is designated by the University's Board of Trustees as the curator of all tax-free ethyl alcohol used at Carolina. All alcohol releases are checked at least annually by Federal auditors for strict compliance to the permit as well as for quantities used. The auditors not only check the issue records but may also check the supplies of the using departments.

Storage

Ethyl alcohol is requisitioned from the Scientific Supply Room. Only the quantity that is expected to be used over a short duration of time (daily or, at most, weekly) can be released. Any unused alcohol should be secured so that only authorized persons will have access to it.

Additional Information

See also: MSD Procedure 24, Ethyl Alcohol Regulations


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