Contracts

Date of Adoption

July 2000

Effective Date of Last Review

July 1, 2019

Date of Last Review

September 2018

Date of Next Review

September 2025

Custodian of Policy

Vice President for Finance and Administration

Policy

Minnesota State University, Mankato contractual obligations must conform to state and federal law. Only authorized personnel may sign contracts obligating the institution. Employees entering into a contractual agreement obligating the University and/or State are legally liable when such contracts are not approved by authorized personnel.

Procedure

Employees involved in activities requiring a contract or liability insurance should contact the Office of Finance and Administration for assistance.

Rationale