1.1-1.14 | 1.15-1.18 | 1.19-1.23
1.19-1.23
Effective Date: 09/01/2010
Board of Trustees Officers and Expenses
1.19 Presiding Officer - Chair, Vice Chair
At the last regular meeting of the calendar year, the Board shall elect a Chair, to take office at the first meeting in the following calendar year, to preside at meetings of the Board when in formal session or when meeting as a committee of the whole and shall also elect a Vice Chair to preside in the absence of the Chair.
1.20 Secretary
The Board shall designate a secretary, who shall not be a member of the Board, who shall maintain the records of the Board, who shall carry out the usual duties of such an officer, and who shall have such other duties as the Board may prescribe. The secretary shall be bonded in such an amount as the Board may from time to time prescribe, the premiums for such bond to be paid out of University funds. The secretary is the designated notice poster and shall post such notices as required by law.
1.21 Treasurer
The Board shall designate a treasurer, who shall not be a member of the Board, and who shall have the custody of the Board's funds and shall execute those fiscal documents requiring the signature of such officer. The treasurer shall be bonded in such an amount as the Board may from time to time prescribe, the premiums for such bond to be paid out of University funds.
1.22 Expenses of the Members of the Board of Trustees
No member of the Board of Trustees, except for the President of the University in the performance of duties as the chief executive officer, shall have any financial or professional business with the University by which the member shall receive any pecuniary reward or compensation out of the funds of the University, but each member at the discretion of the Board may be reimbursed for actual and necessary expenses incurred in the discharge of official duties.
1.23 Travel Insurance
The principal sum for travel insurance covering Board of Trustees members (eight appointed and President ex-officio) is set at $500,000 with an aggregate coverage of $2,500,000.
History
- 02/07/1975
- 01/28/1982
- 01/17/1986: Increased coverage
- 07/15/2010: Was previously Policy 3.14. Renumbered only.
- 04/29/2022: Change Chair and Vice-Chair election from fiscal year to calendar year.