NC State University

 

History of Authority of the Vice Chancellor for Business and Finance


Authority: Board of Trustees

History:

First Issued:

September 16, 1972 Archived Version (Effective September 16, 1972 through November 17, 1972) delegated authority to approve building plans and to certify acceptance of completed buildings and projects

Revisions:

November 18, 1972 Archived Version (Effective November 18, 1972 through February 16, 1982) delegated authority to enter into lease or rental agreements of less than three years and $3,000.

February 17, 1982 Archived Version (Effective February 17, 1982 through October 28, 1985) authority reaffirmed

October 29, 1985 Archived Version (Effective October 29, 1985 through January 23, 1976) raises level of authority from $3,000 to $12,000.

January 24, 1976 Archived Version (Effective January 24, 1976 through September 17, 1982) delegated authority to purchase, sell and transfer endowment trust fund securities

September 18, 1982 Archived Version (Effective September 18, 1982 through November 20, 1997) delegated authority to register and license trademarks

November 21, 1997 Archived Version (Effective November 21, 1997 through November 18, 1999) reformatted policy; deleted authority regarding building plans and projects so that authority remains in Board of Trustees; transferred authority for acquisition and disposition of real property by lease from Vice Chancellor to Chancellor (see policy 4.02).

November 19, 1999 Archived Version (Effective November 19, 1999 through November 15, 2007) - delegated authority to Vice Chancellor for Finance for internal revenue reimbursement resolutions.

November 16, 2007 Current Version - Revised to reflect the Vice Chancellor's authority for certain business delegations.

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)