Okla. Admin. Code § 610:1-11-15
Current through Vol. 42, No. 4, November 1, 2024
Purchases in excess of $100,000 require prior approval of the State Regents unless an emergency acquisition is deemed necessary. In such event, the Chancellor shall have authority to execute emergency acquisitions that exceed $100,000. All emergency acquisitions shall be reported to the State Regents immediately, and shall also be reported to the State Regents for ratification at their first board meeting subsequent to the purchase. Documentation that is reasonable and sufficient under the circumstances substantiating the basis for the emergency should be maintained.
Okla. Admin. Code § 610:1-11-15