DA 2064
June 14, 1996
V. WAYNE KENNEDY
SENIOR VICE PRESIDENT--BUSINESS AND FINANCE
Delegation of Authority--Approval of Leases for Mineral Rights and Geothermal Resources
Section 100.4 (kk) of the Standing Orders of The Regents states:
100.4 Duties of the President of the University.
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(kk) The President is authorized to approve leases, assignment of leases or subleases, and related amendments of such documents for mineral rights, including gas, oil, and other hydrocarbons, or geothermal resources as to real property held or acquired for campus-related purposes if the land rent does not exceed $500,000 per year during the primary lease term.
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Effective immediately, as Senior Vice President--Business and Finance, you are delegated the authority to approve, for execution by the Secretary of The Regents, leases, assignment of leases or subleases, and related amendments of such documents for mineral rights, including gas, oil, and other hydrocarbons, or geothermal resources as to real property held or acquired for campus-related purposes if the land rent does not exceed $500,000 per year during the primary lease term.
Any redelegation of the above authority shall be in writing with copies to the Special Assistant--Coordination & Review, and the General Counsel and Vice President for Legal Affairs.
Richard C. Atkinson
President
cc: Chancellors
Laboratory Directors
Members, President's Cabinet
Assistant Vice President Bocchicchio
Special Assistant Gardner
Principal Officers of The Regents