The Board of Directors of the Northeast Illinois Regional Commuter Railroad Corporation (“Board”) grants authority to the CEO/Executive Director (“Executive Director”) and members of the Executive Director’s staff in accordance with the following regulations. For administrative efficiency, much of the authorities granted or limited through these regulations are benchmarked to the Federal Transit Administration’s simplified acquisition threshold (“Simple Threshold”), or current equivalent, as determined by federal law (2 C.F.R. § 200.88). As used in these regulations, the SIMPLE THRESHOLD means the dollar amount below which a non-federal entity may purchase property or services using small purchase methods. This represents an independently derived amount, periodically adjusted in accordance with federal procurement standards.
(Ord. NIRC 19-01, passed 4-17-2019)