6.25 Settlement Authority

  1. The Governing Board has the sole authority to approve any settlement amount exceeding $100,000.
  2. The Chancellor and the General Counsel are empowered by the Governing Board to approve the settlement of pending and threatened claims and lawsuits as follows:
    1. After consultation with the General Counsel or designated Associate General Counsel, the Chancellor has authority to approve any settlement amount greater than $25,000 and up to $100,000.
    2. The General Counsel or designated Associate General Counsel has authority to approve any settlement amount up to $25,000.
    3. As soon as practicable, the Office of General Counsel will inform the Chancellor and the Governing Board of the general nature and amount of any settlement entered into pursuant to paragraph A or B above.
    4. A quarterly report shall be submitted to the Governing Board outlining the settlements that were made directly by the Chancellor and the General Counsel or designated Associate General Counsel.

ADOPTED May 25, 2021