Administrative Procedure 502
FINANCIAL OPERATIONS AND BUDGETS
The Division recognizes its responsibility to ensure all short- and long-term borrowing meets Alberta Education guidelines and secures financing in a cost effective and timely manner.
recognizes the ability of the Division to enter into financing agreements.
- The Secretary-Treasurer shall negotiate and enter into agreements to secure financing that may be required for operations, capital expenditures, and capital projects.
- The Secretary-Treasurer shall present annually to the Board for review and approval, a Borrowing Resolution listing the lending agreements that are in place.
- The Division’s financing agreements shall be authorized in accordance with Administrative Procedure 514, Signing Authority and the Signing Authority Matrix (Appendix 514-A).
Section 60, 61, 113, 116, 183, 184, 185, 186, 187 School Act
Capital Borrowing Regulation (Alberta Regulation 188/1998)
Last Updated: July 2018