Oklahoma Administrative Code
Title 610 - State Regents for Higher Education
Chapter 1 - Administrative Operations
Subchapter 11 - Purchasing
Section 610:1-11-15 - Purchases in excess of $100,000

Purchases in excess of $100,000 require prior approval of the State Regents unless an emergency acquisition is deemed necessary. In such event, the Chancellor shall have authority to execute emergency acquisitions that exceed $100,000. All emergency acquisitions shall be reported to the State Regents immediately, and shall also be reported to the State Regents for ratification at their first board meeting subsequent to the purchase. Documentation that is reasonable and sufficient under the circumstances substantiating the basis for the emergency should be maintained.

Added at 20 Ok Reg 2149, eff 6-26-03; Amended at 25 Ok Reg 2589, eff 7-11-08