Administrative Regulation AR: Process for the Board of Trustees Approval of Capital Projects and Leases

This administrative regulation outlines the process for University units to obtain Board of Trustees approval, through the President, for capital projects and leases.  It applies to all University entities and defines any capital projects as construction, renovation or property-related work costing $1 million or more and a lease as real property with an annual cost of $200,000 or more.  This regulation requires that all such projects receive Board approval before initiation, comply with the University's debt policy, and obtain additional approval for any increases in cost or scope beyond what was originally approved.  

Responsible Official/Office:  EVPFA

Effective Date:  04/09/2026