Common use of Scope of Management Agreement Clause in Contracts

Scope of Management Agreement. 65 SECTION 2.1. Enhanced Authority Granted and Accompanying Accountability. 66 Article 4 of the Act provides that, upon the execution of, and as of the effective date for, this 67 management agreement, the University shall become a covered institution entitled to be granted by the 68 Commonwealth and to exercise the powers and authority provided in Article 4 of the Act that are 69 expressly contained in this management agreement. In general, subject to its management agreement 70 with the Commonwealth, status as a covered institution governed by Article 4 of the Act and this 71 management agreement is intended to replace (i) the post-General Assembly authorization 72 prior-approval system of reviews, approvals, policies, and procedures carried out and implemented by a 73 variety of central state agencies with (ii) a post-audit system of reviews and accountability under which