Except as otherwise provided in these Bylaws, the Board of Regents may authorize any officer or
agent to enter into any contract or execute and deliver any instrument in the name of and on
behalf of the Corporation, and such authority may be general or confined to a specific instance,
and unless so authorized by the Board of Regents, no officer, agent, or employee shall have any
power or authority to bind the Corporation by any contract or engagement, or to pledge its credit,
or render it liable pecuniarily for any purpose or to any amount.
Policy Revised: Fall 2014