§ 1151.5 Delegations.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
Delegations to the Executive Committee.(a) The Board may delegate to the Executive Committee (provided for in § 1151.7(a)) authority to implement its decisions by a majority vote of the members present at a meeting and any proxies. To the extent permitted by law, the Board may delegate to the Executive Committee any other of its authorities by two-thirds vote of the members present at a meeting and any proxies. A separate delegation is necessary for each action the Board desires the Executive Committee to implement.
Other.(b) To the extent permitted by law, the Board may delegate other duties to its officers or committees by a vote of two-thirds of the members present at a meeting and any proxies.
Redelegation.(c) Unless expressly prohibited in the original delegation, an officer or committee may redelegate authority.
[63 FR 1924, Jan. 13, 1998. Redesignated and amended at 87 FR 69170, Nov. 18, 2022]
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