500: Basic policy w88 online live casino

Last Revised: September 2009

The NSHE Procedures Manual Chapter 5, Section 3 specifies all w88 online live casino entered into by NSHE, and all of its components, are to be in accordance with the policies and procedures delineated in the manual and repeated here.

A contract is an agreement between two or more persons (or entities), which creates an obligation to do or not to do a particular thing. It's essential components are competent parties (persons or entities legally capable of contracting), subject matter (the purpose of the contract), a legal consideration (the inducement to contract, usually money or something of value, but also including mere promises to perform something or refrain from doing something), mutuality of agreement (w88 online live casino parties must voluntarily enter into the contract) and mutuality of obligation (w88 online live casino parties are obligated to do something or no to do something they otherwise have a right to do).

A contractual obligation is a legal obligation. Adherence to policies and procedures is necessary to limit financial and other types of liability for NSHE. It is essential that w88 online live casino NSHE officers and employees follow these policies and procedures.

The contracting party for all NSHE w88 online live casino is the Board of Regents. To be valid, the agreement must state that it is entered into only by the BOARD OF REGENTS w88 online live casino NEVADA SYSTEM OF HIGHER EDUCATION on behalf w88 online live casino institution and sub-unit w88 online live casino institution. Similarly, the signature block should read: BOARD OF REGENTS w88 online live casino NEVADA SYSTEM OF HIGHER EDUCATION on behalf of (name w88 online live casino institution and college or sub-unit, if necessary).

The contracting officer for w88 online live casino is the Chancellor.

w88 online live casino that must always be sent to the Chancellor for signature are:

1. All w88 online live casino that must be approved by the Board of Regents by law. Including but not necessarily limited to:
   1. The sale or purchase of real property or the long-term lease of real property owned by the NSHE, including most easements over real property (NRS 396.430). "Long-term" is defined as in excess of four years. Approval of these w88 online live casino must be placed on a Board of Regents' Investment and Property Committee agenda for approval with final approval by the Board of Regents.
2. All w88 online live casino with an open-ended or indefinite term.
3. All w88 online live casino that provide for the hiring of outside attorneys for legal services require written approval of the NSHE's Chief Counsel.
4. Except for standard form federal grants and w88 online live casino and for NSHE purchase orders, all w88 online live casino:
   1. Which require consideration (cash, property, or services) valued in excess of ,000,000, calculated by adding the total cumulative payments, delivery or performance over the entire term of the w88 online live casino, OR
   2. w88 online live casino are for terms in excess of five years or w88 online live casino provide the right to renew for terms that exceed five years in the aggregate.
5. All w88 online live casino which, in the judgment of the president of an NSHE institution, have such a serious political, social, or financial impact on the NSHE or the public that the Board of Regents' or the Chancellor's review is necessary.
6. All w88 online live casino for private security services (BOR Handbook, Chapter 1, Section 12, item 3).
7. All other w88 online live casino for which signature authority has not been delegated by the Chancellor as provided in NSHE Procedures Manual Chapter 5, Section 3.

The Board of Regents' bylaws authorize the Chancellor to delegate certain contract-related responsibilities. In the NSHE Procedures Manual Chapter 5, Section 3 the Chancellor delegated signature authority for the following w88 online live casino to the presidents of the NSHE institutions or to the presidents' designee.

1. w88 online live casino which require consideration (cash, property, or services) valued at ,000,000 or less, calculated by adding the total cumulative payments, delivery or performance over the entire term of the contract, AND which are for terms of five years or less or which provide the right to renew for terms and do not exceed five years in the aggregate.
2. Cost overruns and change orders which in the aggregate do not exceed 10 percent w88 online live casino base contract amount.
3. All standard form federal grant applications, grants, w88 online live casino, modifications and release forms.
4. w88 online live casino purchase orders in which the purchase contract is awarded to the "lowest responsive and responsible bidder," in accordance with the purchasing policy set forth in Title 4, Chapter 10, of the Board of Regents Handbook are delegated to the Vice President for Finance at the appropriate institution or his or her designee. Exceptions to the established purchasing policy must be presented to the Board of Regents for approval.

Any contract signed in violation w88 online live casino policies stated herein, is void and of no effect whatsoever.