Resolution of the Board of Directors of the Corporation for Public Broadcasting
April 2, 1993
Delegations of Authority to Obligate Funds and Execute Agreements
Unanimously
WHEREAS,
In light of the reorganization of the Corporation announced by the CPB President on February 10, 1993, the Board desires to revise its existing policies regarding delegations of authority to obligate funds and execute agreements to be consistent with that reorganization.
NOW, THEREFORE, BE IT RESOLVED,
The CPB Board Resolutions dated November 8, 1973, January 17, 1980, and May 17, 1988, all dealing with the delegations of authority to obligate funds and execute agreements, are superseded by this action.
BE IT FURTHER RESOLVED THAT:
The President of the Corporation is authorized to obligate the funds of the Corporation and to execute agreements reflecting those obligations on behalf of:
(1) all of the Corporation's program-funding and program-related activities, within the limits of the individual budgets established for such program-funding and program-related activities; and
(2) all other activities of the Corporation, not to exceed $1 million, unless otherwise specifically approved by the CPB Board or unless specifically included in the CPB corporate budget approved by the Board.
The President is authorized to delegate such authority to one or more officers of the Corporation. Any such delegation of authority by the President shall be made and accepted in writing and filed with the Secretary of the Corporation.
