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Board of Regents
Board of Regents approval is required on the following contracts:
- Contract with a value greater than $1,000,000 per annum;
- Contracts with a term that exceeds four years, unless the
contract can be terminated without cause with a notice of 120 days
or less;
- Consulting contracts greater than $25,000 in value;
- Initial placement of vending machines.
Contracts shall not be split into lower limits to avoid the
approval process.
Board of Regents
Policy 7.12
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