TO: AC Transit Board of Directors
FROM: Michael A. Hursh, General Manager
SUBJECT: Board Policy 225 Prohibition on Loans
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider review of Board Policy 225 - Prohibition on Loans, with no recommended amendments.
Body
STRATEGIC IMPORTANCE:
There is no strategic importance to this report.
BUDGETARY/FISCAL IMPACT:
There is no budgetary or fiscal impact associated with this report.
BACKGROUND/RATIONALE:
Staff has reviewed the policy and has determined that no amendments are needed, and the policy is appropriate. The policy document is attached.
ADVANTAGES/DISADVANTAGES:
This report does not recommend a course of action with any advantages or disadvantages.
ALTERNATIVES ANALYSIS:
Staff found no practical alternatives to the course of action recommended in this report.
PRIOR RELEVANT BOARD ACTION/POLICIES:
None
ATTACHMENTS:
1. Board Policy 225 - Prohibition on Loans
Prepared by:
Emily Sutkus Cruz, Human Resources Manager
Approved/Reviewed by:
Katherine Minnich, Executive Director of Human Resources
Jill A. Sprague, General Counsel
Linda A. Nemeroff, District Secretary