DA 2040


March 10, 1995

V. WAYNE KENNEDY
SENIOR VICE PRESIDENT--BUSINESS AND FINANCE

Delegation of Authority--Negotiation and Approval of Indirect Cost Rates

Effective immediately, the following authorities granted to the President under Section 100.4(m) and 100.4(dd) of the Standing Orders of The Regents are delegated to the Senior Vice President--Business and Finance:

a.
to negotiate and approve indirect cost rates to be applied to contracts and grants under which the University conducts programs supported by extramural funds, provided that such negotiations shall be directed toward full recovery of indirect costs, except that the fixed payment in lieu of indirect costs under the major United States Department of Energy contracts shall be approved by the Committee on Finance; newly approved indirect cost rates determined under the provisions of Office of Management and Budget Circular No. A-21, and any successor publication thereto, shall be reported to the Committee on Finance annually [Standing Order 100.4(m)]; and

b.
to accept, execute, and sign agreements, contracts, and related documents pertaining to indirect costs, subject to the provisions of Standing Order 100.4(dd).

This delegation supersedes the December 1, 1982 delegation of authority (DA 0748) to the Vice President--Financial and Business Management on this same subject.

The President's authority in Standing Order 100.4(m) to negotiate and approve indirect cost rates includes the authority to approve exceptions to the approved indirect cost rates determined under the provisions of Office of Management and Budget Circular No. A-21, and any successor publication thereto.

Within the authority delegated above, only the authority to approve exceptions to the approved indirect cost rates determined under the provisions of Office and Management and Budget Circular No. A-21 may be redelegated [Standing Order 100.4(m)]. All other authorities granted to you in this delegation may not be redelegated. Any redelegation of the authority to approve exceptions to the approved indirect cost rates shall be in writing with copies to the Special Assistant--Coordination & Review, the General Counsel and Vice President for Legal Affairs, and the Secretary of The Regents.

J. W. Peltason

cc:
Chancellors
Laboratory Directors
Members, President's Cabinet
Associate Vice President--Business and Finance
Special Assistant--Coordination & Review
Principal Officers of The Regents