Sec. 4-103. Delegation of Authority by the Board.
The President, Vice President for Administration and Finance, and for matters which concern solely Kendall College of Art & Design, the President of Kendall College of Art & Design, may bind the University on contracts regarding items included within the General Fund Budget approved by the Board or the Auxiliary Services Budget approved by the President.
In addition, the President, or the Vice President for Administration and Finance, is authorized to approve grant awards and enter into related agreements where the grant award is less than $500,000 and does not require more than a $150,000 cash match of University funds.