All contracts entered into by the System or an Institution must be approved and executed by an individual with appropriate authority to bind his or her respective Institution or the System, regardless of whether the contract requires individualized legal review. The Office of General Counsel does not create or control delegations of signature authority and cannot waive the requirement that the contract be approved and executed by an individual with appropriate authority.
The Board of Regents has delegated authority to the Chancellor of the 黑料视频 System to approve and execute all System contracts with a value of less than $1,000,000 and to approve and execute contracts for the Institutions with a value of more than $500,000. The Presidents of each Institution have been delegated authority to approve and execute contracts with a value of $500,000 or less for their respective Institution. The Chancellor and the Presidents have the authority to subdelegate the authority they have been delegated by the Board of Regents. The Chancellor and the Presidents alone decide whether to delegate this authority and to whom it will be delegated, and any proposed changes to current delegations should be directed to them exclusively.
The Office of General Counsel provides a model delegation form for use by administrators to effect delegations of authority, and the Office of General Counsel retains a copy of all delegations and subdelegations in its files. It is not unusual for vendors to request copies of delegations of authority in order to ensure that their agreements are legally binding on the System or the Institutions, and as such, it is critically important that the correct procedure be followed in delegating authority and in filing copies of all delegations with the Office of General Counsel.