1706 Loan Guarantees

Document purpose

The University may guarantee loans to certain employees or affiliated organizations.

effective

December 1986

revised

May 2021

Reviewed

May 2021

Responsible Office

Treasurer

Approval

Treasurer

The Policy

  1. The V.P. for Finance and Treasurer or their designee shall be authorized to execute the University’s loan guarantee up to the aggregate limit prescribed by the Trustees.

  2. The Trustees must approve all loan guarantees in excess of $1,000,000 prior to their execution.

  3. A report of contingent liabilities including all outstanding loan guarantees shall be reviewed by the Budget and Finance Committee annually