311.00 Debt Approval Policy

The College Board of Directors must authorize all college borrowing in excess of $500,000 with a loan period or term greater than one year.  Borrowing of this nature would primarily be to fund capital acquisitions or major program expansion.  Debt instruments would include, but not be limited to mortgages, notes, and bond issuance.


Adopted: Policy has been in place prior to Sept. 2003
Reviewed: 9/2020
Revised: 6/2004, 10/16/2020

Theme: Overlay by Kaira
Salish Kootenai College is accredited by the Northwest Commission on Colleges and Universities. Salish Kootenai College | PO Box 70 | 58138 US Highway 93 | Pablo, MT 59855 | 406.275.4800.