Contractual Authority

Only the president, or formally designated representatives, may commit the college to financial obligations or contractual agreements. No obligation may be incurred unless sufficient funds have been appropriated by the board.  An obligation extending beyond the current fiscal year may be entered into as long as obligations in future fiscal years are made subject to the appropriation of lawfully available funds by the board of education. Any contract entered into in violation of this policy is void as to the college.

All contracts of $150,000 or greater must be approved for award by the board of education. The president is authorized by the board to enter into contractual agreements on behalf of the college up to a total dollar value of less than $150,000. The president may delegate the president’s authority to college staff.

Notwithstanding the dollar limits specified in this policy, the president shall act for, and provide annual reports to, the board regarding the execution and administration of all instruments, business affairs, and operations relating to:

• Acquisition of electricity, natural gas, sewer, water, and all other utility services.
• The acquisition of fixtures, equipment and furnishings that are included in capital project budgets that have been authorized by the board.
• The settlement of claims or lawsuits brought against the college that are substantially covered by insurance.
• The protection of the college’s interests, property and operations in an emergency.
• The execution of instruments or the conduct of business affairs where approval by the board is impractical due to time or other constraints.

The Lane Community College Board of Education shall be the college's Local Contract Review Board as defined in ORS 279A.060.