765 Ky. Admin. Regs. 1:020

Current through Register Vol. 51, No. 5, November 1, 2024

Section 765 KAR 1:020 - Delegation of financial management responsibility

RELATES TO: KRS 164A.560, 164A.565, 164A.575, 164A.580, 164A.585, 164A.590, 164A.595, 164A.600, 164A.620

NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provision of KRS 164A.560 at the University of Kentucky.

Section 1. The University of Kentucky Board of Trustees, under the provision of KRS 164A.560, elects to delegate responsibility for the financial management provisions of KRS 164A.560, 164A.565, 164A.575, 164A.580, 164A.585, 164A.590, 164A.595, 164A.600, and 164A.620 to the president of the university. Further, the Board of Trustees delegates to the president responsibility for submitting to the State Property and Buildings Commission information and requests for approval of any bond project approved by the Board of Trustees.

765 KAR 1:020

17 Ky.R. 709; eff. 10-14-90; Crt eff. 2-12-2020.

STATUTORY AUTHORITY: KRS 164A.560