Delegation of Authority--Declaration of Official Intent to Reimburse Capital Expenditures from Proceeds of Indebtedness
At the meeting of July 19, 1991, The Regents adopted a resolution concerning reimbursement of capital expenditures which states in part:
The President of the University of California, or the President's designee, is hereby authorized to declare the official intent of The Regents to reimburse expenditures from the proceeds of future taxable or tax-exempt debt obligations issued by The Regents.
Effective immediately, subject to the terms of the attached Resolution of The Regents of the University of California and related implementation instructions, each of you is authorized as my designee for his or her related campus/organization 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. Recent changes to Federal Treasury Regulations have allowed this delegation to become possible.
Any redelegation of this authority shall be in writing with copies to the Special Assistant--Coordination & Review and the General Counsel and Vice President for Legal Affairs. This
supersedes the June 3, 1993 delegation of authority to the Provost and Senior Vice President--
Academic Affairs (DA 1088) on this same subject.
Richard C. Atkinson