Authority of the Vice Chancellor for Business and Finance
POL 01.20.2
Authority: Issued by the Board of Trustees. Only the Board of Trustees may make changes to administrative policies issued by the Board of Trustees.
History: First Issued: September 16, 1972. Last Revised: November 16, 2007. Additional History Information.
Related Policies:
UNC Code, Appendix VI (Property and Buildings)
UNC Code, Appendix VII (Endowments and Trust Funds)
Contact Info: Vice Chancellor for Finance and Business (919-515-2155)
1. Authority to Purchase, Sell, Transfer or Sign Trust Fund Assets and Securities
The Vice Chancellor for Finance and Business, or designee, is authorized:
1.1 To buy stocks, bonds, or other securities of corporations, firms, or individuals, of the United States Government, or of any state or political subdivision thereof;
1.2 To sell, trade, assign, endorse, and deliver for transfer certificates representing stocks, bonds, or other securities of corporations, firms, or individuals, of the United States Government, or of any state or political subdivision thereof;
1.3 To assign for reissue or redemption any registered obligation of any corporation, the United States Government and its instrumentalities, or of any state or political subdivision thereof, now or hereafter registered in the name of North Carolina State University at Raleigh.
2. Authority for trademark registration and licensing program
2.1 The Vice Chancellor for Finance and Business, or designee, is authorized to register such marks, symbols and other indicia of the University in the various states and with the U.S. Patent and Trademark Office as he deems appropriate;
2.2.1 The Vice Chancellor for Finance and Business, or designee, is authorized to enter into an agreement with an agent for the licensing of North Carolina State University's marks, symbols, and indicia in a manner deemed consistent with the purposes and needs of the University.
3. Authority for Internal Revenue Service Reimbursement Resolutions
The Vice Chancellor for Finance and Business, or designee, is authorized to declare the official intent of NC State within the meaning of Section 1.150-2 of the Treasury Regulations promulgated under Section 103 of the Internal Revenue Code of 1986, as amended, evidencing NC State's intent to reimburse NC State for expenditures incurred and paid by NC State in connection with projects from the proceeds of tax exempt obligations.
4. Authority for certain Business Signatures
4.1 The Vice Chancellor for Finance and Business, or designee, is authorized to establish Imprest Checking Accounts.
4.2 The Vice Chancellor for Finance and Business, or designee, is authorized to approve Tax Related Documents necessary for the University.
4.3 The Vice Chancellor for Finance and Business, or designee, is authorized to approve Trust Fund Authorities and Related Changes.
4.4 The Vice Chancellor for Finance and Business, or designee, is authorized to approve University Receipt Centers.
