Course Buyouts
A Course Buyout is when grant funds 鈥渂uy鈥 a faculty member鈥檚 released time by paying for a portion of their salary so that the equivalent amount of university effort (%) can be spent working on the funded project.
A 鈥淏uyout鈥 situation applies when a faculty member is granted a course release in order to accommodate a faculty member鈥檚 work on an externally funded project. The corresponding percentage of the faculty鈥檚 appointment is directly charged (accounted for) to the grant account (budget) during the term of the buyout.