The purpose of this College Library Information Packet (CLIP) Note is to study the characteristics of library Web site policies and to provide small college and university libraries in need of such policies the tools to develop them. This study does not attempt to critique these policies but serves to document current practices smaller academic libraries are using to manage their Web sites. Of surveys sent to 224 small university and college libraries, a total of 163 surveys were returned, for a response rate of 73%. Survey results are discussed in terms of the following categories of questions: General Information (Questions 1-9); Web Site Information: General Information (Questions 10-11); Web Site Information: Responsibility (Questions 12-17); Web Site Policies: General Information (Questions 18-26); and Web Site Policies: Characteristics (Questions 27-33). Also included are: a selected bibliography; summary of CLIP Note survey results; and Web site policy documents. (AEF)