|UCLA DA 142.05: Administration of University of California Housing Facilities - Rents and Fees|
November 19, 2007
|From:||Chancellor Gene D. Block|
|To:||Administrative Vice Chancellor Sam J. Morabito|
|Supersedes:||UCLA DA 142.03 (Administration of University of California Housing Facilities – Rents and Fees) to Vice Chancellor Morabito, dated 5/12/2005.|
Effective as of the date above, I hereby delegate to you, as Administrative Vice Chancellor, the authority to establish rents and fees as specified in Sections B. and C. of UC DA 2016, with the understanding that the net revenues from such rents and other fees, after payment of operating expenses, will at all times be sufficient to meet debt service coverage and maintenance obligations contained in loan documents applicable to such housing facilities. Sections B. and C. authorize the President:
- to establish rents and other fees for use of UCHS (University of California Housing System) facilities at levels which are adequate to generate the net revenues necessary to comply with such covenants and financial objectives;
- to establish rents and others fees for use of University-operated housing facilities that are not part of the University of California Housing System (Campus Housing Facilities) which are at least sufficient to comply with debt service coverage and maintenance obligations contained in loan documents applicable to those facilities.
This delegation is being reissued due to an organization change and there are no substantive changes to the delegation being superseded. Any redelegation of this authority shall be in writing with copies to me and those listed below.
|cc:||Executive Vice Chancellor & Provost
Executive Vice President, Business Operations
General Counsel & Vice President, Legal Affairs
Universitywide Policy Coordinator
Manager, Administrative Policies & Delegations