University of Virginia Library

APPROVAL OF POLICY ON  SIGNATORY AUTHORITY 

WHEREAS, the Board has traditionally delegated authority for signing certain contracts and other documents to designated University officials;

WHEREAS, the 1982 policy on delegated  signatory authority  requires updating as a result of title changes and the addition of a Vice President for Finance;

WHEREAS, the 1982 policy on  signatory authority  has been amended three times, and is difficult to understand; and

WHEREAS, the authority to sign contracts with the Virginia College Building Authority is an ongoing authority that should be included in the  signatory authority  policy;

RESOLVED that the Policy on  Signatory Authority , shown as Attachment B is approved, and shall supercede all previous  signatory authority  resolutions and policies for the areas covered by the policy; and

RESOLVED that the President is authorized to sign the Policy on  Signatory Authority  and disseminate it as a University Policy. The President is also authorized, without prior Board approval, to make non-substantive updates and revisions to the Policy as required.