Title 740 | Chapter 001 | Regulation 030


740 KAR 1:030.Purchasing; inventories; sales of surplus property; bidding procedures.

Section 1.

The University of Louisville Board of Trustees, under the provisions of KRS 164A.560, elects to purchase and manage interests in real property, contractual services, rentals of all types, supplies, materials, equipment, printing, and services in accordance with Sections (1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), and (12).

Section 2.

The president shall recommend to the Board of Trustees internal policies and procedures including prescribed forms and manuals, as he deems necessary, for approval. These materials shall provide detailed instructions to administrators and staff of the university day-to-day management of the business affairs of the university as prescribed in the published administrative regulations pertaining to financial management, applicable portions of KRS Chapters 45A, 164, 164A, and other laws. Exceptions to these internal procedures and policies shall be made only as provided for in these documents, which shall be made available to the public upon request. The president is authorized to enter into any memorandum of agreement deemed necessary to coordinate financial management responsibilities with agencies of state government.

HISTORY: (9 Ky.R. 522; eff. 11-3-82; Am. 18 Ky.R. 2382; eff. 3-4-92; Crt eff. 2-5-2020.)

7-Year Expiration: 2/5/2027

Last Updated: 12/15/2021


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