2.10

Subject: RESOLUTION TO ELECT AND DELEGATION OF RESPONSIBILITY

(PURSUANT TO HOUSE BILL 622) Date Adopted: June 18, 1983 Reference: Minute Book: 29 Page: 199

The Board of Regents does hereby elect to perform in all respects as authorized by KRS 164A.550 to 164A.630 regarding the acquisition of funds, accounting, purchasing, and affiliated corporations. A copy of KRS 164A.550 to 164A.630 is attached hereto [not attached] for purposes of certainty and clarification as to the nature and extent of the election hereby made. The Board of Regents does not elect to assume responsibilities as to capital construction.

It is further resolved that the Board of Regents pursuant to KRS 164A.560 (1) does hereby delegate responsibility as follows:

(a) In all instances, wherein delegation of responsibility is authorized (and is not specifically preempted by statutory direction to the contrary, i.e., KRS 164A.560 (2 (a) and KRS 164A.570 (12)) the responsibility for the acquisition of funds, accounting, purchasing, and affiliated corporations shall be delegated to the President of the University.

The President of the University is authorized to sub-delegate these responsibilities to the Vice President for Administrative Services or to other appropriate officials of the University. The sub-delegation shall be in writing and filed with the Board of Regents.

(b) The Treasurer of the University has certain responsibilities set forth in KRS 164A.560 (2) (a). The Treasurer may authorize and direct other officials and employees of the University to act for him in the performance of these services but the Treasurer must ratify each and every act under this authority.

(c) The Vice President for Administrative Services shall explain in writing the existence of an emergency as contemplated

in paragraph (12) of KRS 164A.575. This explanation must be approved by the President of the University.

The delegation of responsibility as stated in (a) and (b) shall be considered to be a regulation within the intendment of KRS 164A.560 (1). Additionally, the Board recognizes that additional internal regulations and/or operational manuals of policies and procedures may be necessary to implement the performance of these functions.