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J,pnon of Authorrvry to CWnedlors To Execute A Cunaset, hiti)3�.CUSY& -poliadG9erd/auth<xtcut�hrml <br /> i <br /> Universitof <br /> Colorado <br /> I <br /> Title: Delegation of Authority to Chancellors to Execute Certain Contracts <br /> Source: President's Office i <br /> i <br /> Prepared by: V ce President and University Counsel <br /> Approved by: Ric6rd Tbarp <br /> Application: AllFampuses <br /> Effective Date: _Irtttiudiately <br /> Replace&: 101 5176 <br /> INTRODUCTION <br /> Pursuant to-the policy of d lauzahon approved,by the Board of Regents, and in p I'cular with the <br /> authority vested in-the CtramceHors by Article 3,B. 7-10 of the Laws of the Regents,6e following policy <br /> is adopted. <br /> I <br /> POLWY STATEMENT <br /> Pursuant to Article 3.B. 1. M of the Laws ofthe Regents authorizing the President tot delegate such <br /> authority as will faciiitate4w administration of the University, the President hereby delegates to each of <br /> the Chancellors of the University Campuses full and complete authority to execute,on behalf on the <br /> University and its Soveming board,non-real property and real property contracts as described below: <br /> I <br /> i <br /> L Non-real Property <br /> i <br /> All non teal property contracts or other instruments not exceeding a financial,,Commitment <br /> in excess of one aiiliiorl dollars(S 1000,0005 as deemed accessary by them for any <br /> academic or administrative function of their respective campuses,provided, L,owever, that <br /> any academic agreements with foreign universities or governments shall be reviewed by the <br /> Vice President for Academic Affairs prior to execution and any contracts or other <br /> instruments pertaining to employment or appointment of faculty,officers, and other exempt <br /> personnel shall be subject to approval by the Board of Regents as provided by law. <br /> This delegation of authority is limited by the Administive Policy Statement entitled, <br /> "Requirement for Prior Approval for Professional Services Contracts." <br /> i <br /> j <br /> I <br /> tUl5rt1(I 8:59 <br />