745 KAR 1:060.
Delegation of financial management responsibility.
RELATES TO: KRS
AND CONFORMITY: KRS 164A.560 permits the governing boards of public
institutions of higher education to elect to perform financial management
functions per KRS 164A.555 to 164A.630 by issuing administrative regulations to
do so. These administrative regulations implement the provision of KRS 164A.605
at Kentucky State University. The scheduled implementation date of this
administrative regulation is July 1, 1986.
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
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
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. (12 Ky.R. 1119; eff. 1-3-86.)