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REPORT BY THE RECTOR ON THE ACTION OF THE EXECUTIVE COMMITTEE AUTHORIZING VICE PRESIDENT RAY C. HUNT, JR., TO SIGN CONTRACT EXCEEDING THE PREVIOUSLY AUTHORIZED LIMIT
 
 
 
 
 
 
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REPORT BY THE RECTOR ON THE ACTION OF THE EXECUTIVE COMMITTEE
AUTHORIZING VICE PRESIDENT RAY C. HUNT, JR., TO SIGN CONTRACT
EXCEEDING THE PREVIOUSLY AUTHORIZED LIMIT

The Rector reported that on April 30, 1987 the Executive Committee approved a resolution authorizing the leasing equipment having an aggregate value not exceeding $2,724,066, and it authorized the Vice President for Business and Finance and the Assistant Vice President for Finance to take such further action as may be necessary or desirable to effect such leases of equipment, and it authorized the officers named above to approve changes in the lease agreement, and it authorized these officers to determine interest rates which they determine to be in the best interest of the University.