Substitution of Bonds for Retainage on Construction Projects

2.12

Each institutional President or the institution’s equivalent position to that of Vice President for Administration and Finance is authorized to approve arrangements and agreements for the substitution of U.S. Treasury Bonds or bills for retainage on construction projects, utilizing the provisions of the Oklahoma Public Competitive Bidding Act as a guideline, after review by LRFP and the Board’s Office of Legal Counsel.

Amended Date: 
October 24, 2014
June 22, 2018