Part 4 Subpart 4-3 Acquisition and Lease of Real Estate by the University

Sec. 4-303. Lease of Real Estate by the University.

All leases of real estate by the University for a consideration in excess of $75,000 shall be approved by the Board. The President or Vice President for Administration and Finance is authorized to enter into leases of real property for a consideration up to $75,000, except that as to matters concerning solely for the FSU Grand Rapids campus, the President or Vice Chancellors for FSU Grand Rapids are authorized to enter into leases of real property for a consideration up to $75,000.