UC IRVINE DELEGATION OF AUTHORITY

IDA503 - Declaration of Official Intent to Reimburse Capital Expenditures from Proceeds of Indebtedness

IDA 503

May 10, 2010

VICE CHANCELLOR
PLANNING AND BUDGET

RE: Delegation of Authority - Declaration of Official Intent to Reimburse Capital Expenditures from Proceeds of Indebtedness

The authority to act as the President's designee to declare the official intent of The Regents to reimburse expenditures related to capital improvement projects or capital purchases (including building and/or equipment acquisition) from the proceeds of future taxable or tax-exempt debt obligations to be issued by The Regents was delegated to Chancellors by Presidential Delegation of Authority DA 2055, March 28, 1996.  I am redelegating that authority to the Vice Chancellor-Planning and Budget, subject to the terms of the attached Resolution of The Regents of the University of California and related implementation instructions.

This authority may not be redelegated further.

This redelegation supersedes Chancellor Wilkening's June 11, 1997 delegation of authority on the same subject (IDA 202). 

Signed copy

Michael V. Drake, M.D.
Chancellor

C: University Policy Office
Vice President and General Counsel for Legal Affairs
Executive Vice Chancellor and Provost
Chief Campus Counsel
Director, Internal Audit
Administrative Policies Coordinator