St. Olaf College Pledging of College Assets Procedures
Title: Pledging of College Assets Procedures
Effective Date: prior to 2005
Issuing Authority: Vice President and Treasurer
Contact: Alan Norton at firstname.lastname@example.org or 507-786-3018
Last Updated: prior to 2005
Purpose of Procedures
To ensure the safe keeping of all St. Olaf College assets.
Who needs to know these Procedures
These procedures apply to all St. Olaf faculty, staff and students.
Pledging of assets (putting College assets up as collateral against an obligation) can only be done by the President or the Treasurer with the approval of the Board of Regents. No one else at the College has the authority to pledge any College assets (financial or physical).