9.1 General Policy on Real Estate and Facilities
9.1.1 Definitions
The term 鈥淩eal Estate鈥 has the same meaning as 鈥淩eal Property鈥 and includes land and anything permanently affixed to or growing upon the land; all rights issuing out of, annexed to, and exercisable within or about land; and any estate or interest in land.
The term 鈥淔acility鈥 or 鈥淔acilities鈥 includes buildings; structures; University System of Georgia (抖阴社区短视频) institution grounds; all outdoor areas of a 抖阴社区短视频 institution, including streets, entrances, gates, and landscape features such as quadrangles, gardens, lakes, fountains, and fields; athletic venues; and improvements of all types.
The term 鈥淧roperty鈥 includes both Real Property and Facilities.
The Term 鈥淧roperty Activity鈥 or 鈥淧roperty Activities鈥 includes all activities related to Property such as planning; acquisition; development, including design, construction, and renovation; management; operations; use; and disposition.
9.1.2 Portfolio Management and Utilization
The Board of Regents shall hold title to the Property of each 抖阴社区短视频 institution so that each institution shall receive the use and benefit of the Property devoted to its use. In no event shall the Property of one institution be subject to the liabilities or obligations of any other institution, but the Board of Regents may utilize the Property, educational or otherwise, of one institution for the advancement or assistance of another.
The Board shall act as good stewards of the Property held in their trust. The 抖阴社区短视频 chief facilities officer shall be responsible for the management of the Property on behalf of the Board of Regents and shall assist the Board in maximizing the long-term utility of the Property to accomplish the educational mission of the University System. The Board of Regents, the Chancellor, or the 抖阴社区短视频 chief facilities officer may require 抖阴社区短视频 institutions to provide reports related to 抖阴社区短视频 Property.
9.1.3 Procedures, Standards, and Guidelines
The 抖阴社区短视频 chief facilities officer is responsible for establishing standards and guidelines for Property Activities. A complete list of current standards and guidelines will be accessible on the 抖阴社区短视频 web site.
The 抖阴社区短视频 chief facilities officer shall work with the Georgia Department of Law to make available standard forms of agreement, contracts, and other templates of legal documents that might expedite or facilitate Property Activities.
9.1.4 Real Estate Delegation of Authority
Unless specifically designated otherwise, the Chancellor delegates the authority that he or she has under Section 9 of this Policy Manual to the 抖阴社区短视频 chief facilities officer. The authorization may not be further delegated to 抖阴社区短视频 institutions.
When acting with delegated authority for public private venture transactions and 抖阴社区短视频 real property transactions in the name of and on behalf of the Board of Regents, 抖阴社区短视频 officials may execute and deliver documents and take other actions as, in the judgment of such officials, may be necessary, proper, convenient, or required in order to carry out the intent of authority delegated to those officials.
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