Procedure 5.14.5 Purchasing - History

Board Policies
Chapter 5 - Administration

Date of Adoption: 7/1/96,
Date of Implementation: 7/1/96,

Date & Subject of Revisions:

1/25/12 -The Chancellor amends all current system procedures effective February 15, 2012, to change the term "Office of the Chancellor" to "system office" or similar term reflecting the grammatical context of the sentence.

3/25/10 - Part 2 amended to increase college and university authority to make purchases up to $100,000; clarifies that contracts over $100,000 need the approval of the vice chancellor-chief financial officer; Part 3 amended to require reviews by legal counsel and approval by vice chancellor-chief financial officer; Part 4 amended to include additional Minnesota Statutes. Subparts A, B, C, and D amended purchase limits. Subpart C bid solicitation is not required for purchases from Minnesota Department of Administration master contracts, Office of Enterprise Technology master contracts or Minnesota State Colleges and Universities master contracts or through cooperative purchasing agreements listed on the official system web site and authorized for use by the colleges and universities. Subpart D requires written approval. Subpart E amended to become sections 1 and 2, Minnesota Statutes updated. Part 6 amended to allow prepayment for registrations where it is required or a discount is provided. Part 8 amended to require quotations be kept not less than one year. Part 9 first paragraph was removed, and language was amended to require that legal counsel be contacted for all lease purchase agreements. Part 10 amended to define Targeted groups by Minnesota Statute, and added economically disadvantaged. Removes the Chancellor's requirement for annual establishment of goals and guidelines.

5/05/05 - Removed Part 11 language on fixed assets and renumbered parts 12 and 13 respectively.

6/21/00 - Contains language formerly in system procedure 5.5.2;

4/1999 (Part 4, Subp. D modified because of changes in MS 363.073)

7/1997 (Part 4, subd D, dollar figure went up from $50,000, due to Legislative changes)

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