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Pima County Community College District Board Policy

Board Policy Title:  Interfund Loans
Board Policy Number: BP-2405
Adoption Date:  12/17/80
Revision Date(s):  3/9/94, 11/10/09, 7/18/14
Review Date(s):  7/18/14
Schedule for Review & Update:  Every three years
Unit Responsible for Review & Update:  Finance and Administration
Sponsoring Unit/Department:  Finance and Administration
Motion Number:   5170
Legal Reference:             
Cross Reference: 

The Board of Governors authorizes the Chancellor to approve interfund loans, provided that such loans are in keeping with external funding restrictions and in accordance with applicable state and federal regulations. Interest at prevailing rates may be charged to the borrowing fund.  The Chancellor shall report all interfund loans to the Board as an information item.