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SPECIAL RESOLUTION II.3 Delegation of Authority for Budget Transfers and Disposal of Assets Budget Transfers 1. The President and ViceāPresidents are authorized to transfer funds between accounts within approved budgets as required for the effective management of the University. Disposal of Assets 2. The President is authorized to sell or otherwise dispose of University physical assets, excluding land, up to a fair market value of $250,000. Approved by the Board of Governors: March 22, 2002