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Title 745 | Chapter 001 | Regulation 060

745 KAR 1:060.Delegation of financial management responsibility.

Section 1.

The Board of Regents of Kentucky State University authorizes the president, by formal, written assignment, to delegate any portion of this authority to the Vice President for Business Affairs, except as provided in Section 4 of this administrative regulation.

Section 2.

Kentucky State University officials to whom the president has delegated certain financial management responsibilities pursuant to this administrative regulation, are authorized to subdelegate those responsibilities or any portion thereof to their deputies and subordinates to the extent authorized by the president. All such subdelegations shall be made in writing and reported to the president.

Section 3.

Any Kentucky State University official with authority derived from a delegation or subdelegation under this administrative regulation shall furnish a copy of his delegation or subdelegation upon request of any vendor or member of the public. All such delegations or subdelegations are terminated immediately upon suspension of the individual's employment at the university.

Section 4.

No official, including the president, is authorized by Kentucky State University Board of Regents to acquire or dispose of an interest in real property, the duration of which interest exceeds two (2) years time, without action of the Board of Regents.

HISTORY: (12 Ky.R. 1119; eff. 1-3-86; Crt eff. 2-21-2020.)

7-Year Expiration: 2/21/2027

Last Action: 12/15/2021

Page Generated: 2/15/2022, 12:12:13 PM