16.1. The Board of Governors may, by by-law, delegate to the president, to a vice-president, to the secretary general or to any member of the personnel of the Université du Québec the power to authorize expenditures and, accordingly, enter into contracts in the name of the University.
Every by-law under this section shall indicate
(1) the area of jurisdiction within which the delegation applies;
(2) the amount of expenditure which may be authorized by the president, a vice-president, the secretary general or a member of the personnel;
(3) any other condition relating to the delegation.