The Vice President for Administration & Finance is authorized, with the prior written approval of the President and the Finance Committee Chair of the Board of Trustees, to borrow sums as set out in the Short-term Borrowing Procedures, when such borrowing is necessary to meet College financial obligations.
Reason for Policy
To set out process and procedures for short-term borrowing to meet financial obligations of the College.
To Whom Does the Policy Apply
College officers and Controller
Vice President for Administration & Finance / Controller