1706 Loan Guarantees
Document purpose
The University may guarantee loans to certain employees or affiliated organizations.
effective
December 1986
revisedMay 2021
Reviewed
April 2024
Responsible OfficeTreasurer
Approval
Treasurer
The Policy
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.
The Trustees must approve all loan guarantees in excess of $1,000,000 prior to their execution.
A report of contingent liabilities including all outstanding loan guarantees shall be reviewed by the Budget and Finance Committee annually