| September 13, 1993 |
MICHAEL J. BOCCHICCHIO
ASSISTANT VICE PRESIDENT--FACILITIES MANAGEMENT
Delegation of Authority--Administration of University Home Loan Programs
Section 100.4(11) of the Standing Orders of The Regents states:
100.4 Duties of the President of the University.
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(11) The President is authorized to take all appropriate action incident to the administration of University home loan programs as approved by The Regents, including (1) receiving and administering promissory notes, mortgages, deeds of trust, grant deeds, and deeds-in-lieu of foreclosure, (2) executing releases and satisfactions of mortgages and requests for reconveyances of deeds of trust when the University home loan program notes secured by such mortgages and deeds of trust have been paid in full or otherwise satisfied, and (3) accepting title to real property through foreclosure, deed-in-lieu of foreclosure, or other similar actions.
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On September 7, 1993, the President delegated to me the authorities specified above, including authorization to represent the University in administrative transactions with financial institutions, lenders, and governmental and other agencies in matters related to day-to-day operation of approved University home loan programs (DA 1099).
Effective immediately, the above authorities are delegated to you as Assistant Vice President--Facilities Administration. This supersedes Senior Vice President Brady's July 29, 1991 delegation of authority to you on this same subject.
Any redelegation of these authorities shall be in writing with copies to me and to the Special Assistant--Coordination & Review.
V. Wayne Kennedy |