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Other Long-Term Liabilities, Loans & Leases

Notes payable, leases (operating or capital leases) and other long-term debt (other than bonds).

This is a sub-set of the full Signature Authority Policy. Please be sure to review the  Signature Authority Policy before proceeding.

Also refer to Business Policies & Procedures


Final Signature Authority:

  • ≤ $500,000 Associate Vice President for Business & Finance/Chief Investment Officer
  • ≤ $1,000,000 Vice President for Business & Finance
  • > $1,000,000 President

Additional Information and Requirements:

Legal counsel review required when agreements is > $250,000 and/or with a new lender.

Resources:

Business Policies & Procedures:     Capital Assets Management

Treasury Management

Purchasing Department

 

Last Updated: July 6, 2010


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