Substitution of Bonds for Retainage on Construction Projects
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.
October 24, 2014
June 22, 2018