Sec. 10-506. Reports to the Board.
In order to keep the Board informed on claims and litigation matters, the General Counsel shall report to the Board on a quarterly basis the status of all claims and litigation in which the Board, the University, or its employees acting in their official capacities may be a party. These quarterly status reports shall include information on the nature of the legal action or claim, possible court action, and any proposed settlement offers.
Claims and legal action involving more than $50,000 in potential damages, or more than $50,000 in potential liability arising from employment matters or actions between the University and government agencies, shall be brought to the Board's attention as soon as practical after the President learns of them.
Prior Board Action:
October 13, 1995.
Entire Subpart 10-5 included in October 19, 2001 Codification, Phase I.
Entire Subpart 10-5 included in October 22, 2004 Codification, Phase II.