For a contractual commitment to be binding on behalf of the University, it must be approved through the proscribed manner for contracting and be agreed to by one with actual contracting authority for the University under the Institutions of Higher Learning and University Bylaws and Policies. Persons or entities entering a contractual or purchasing relationship are on notice that their contract may be found void for the reasons stated in this section as well as for a violation of public ethics or conflict of interest laws.