Certain circumstances require that the University extend loans to outside parties. This policy relates to outside parties other than University employees.
December 1986
revisedMay 2006
April 2024
Responsible OfficeTreasurer
Trustees
The authority to extend loans to outside parties rests with the Trustees.
All loans to affiliates must be approved by the V.P. for Finance and Treasurer.
All loans to affiliates granted in excess of $100,000 require the prior approval of the V.P. for Finance and Treasurer.
All loans to affiliates granted in excess of $250,000 require the prior approval of the Trustees.
All loans made to outside parties will be report annually to the Budget and Finance Committee.