Borrowing

Policy Number
BP 6310
Policy Category
Chapter 6 - Business and Fiscal Affairs
Adopted
Last Reviewed

The Board may authorize borrowing for the College, in compliance with state laws, by resolution stating the upper limit to be obligated at any one time. The President or designee may initiate emergency borrowing prior to board approval should a quorum of the Board not be available to authorize borrowing.
 

References

Note: This policy replaces retired Board Policy 315 (last reviewed December 4, 2024). The language has been adopted without change and renumbered to align with the four-digit policy structure.

Board Policies are adopted by the Lane Community College Board of Education and establish the College’s governing principles and institutional direction. These policies are reviewed by the Board at least every five years or more often as needed. Board Policies are distinct from College Operating Policies and Procedures (COPPS), which provide operational guidance and are developed through governance processes and by responsible managers.