BANK ACCOUNTS, SIGNATURE CARDS AND FACSIMILE SIGNATURES
Adopted: March 12, 1987
Last Updated: May 9, 2002

GENERAL STATEMENT
The University Union shall authorize the University Union Director to select the appropriate banking and/or Savings and Loans Institutions in order to conduct normal business operations and to be the depository of funds for the corporation.

GUIDELINES AND PROCEDURES
A. Any or all banking or savings and loan institutions which are now or may be selected by the Director of the University Union to act as a designated depository for the funds of this corporation and be it hereby requested, authorized and directed to honor all checks, drafts, or other orders for the payment of money drawn in this corporations name on it’s checking and savings accounts including those drawn to specific individuals whose names appear thereon as signer, or signers thereof when bearing or purporting to bear the facsimile signatures.

B. Designated signators reflected below are authorized as corporate officers to withdraw funds:

Any two signatures required from among the following officers: 1. Director, University Union 2. Associate Director, University Union 3. Chair of the Board of Directors, University Union 4. Director of Business and Finance of ASI, who shall be designated by virtue of that position as Chief Accounting Officer, University Union 5. Vice President of Administration and Business Affairs Officer, CSUS and member of Board of Directors, University Union or designee 6. Secretary of the Board of Directors

C. Two signators for orders for the payment of money shall be amended to reflect any two of these signators listed above are required for amounts over Ten Thousand Dollars ($10,000.00).

D. Facsimile signatures shall only be honored for amounts of Ten Thousand Dollars ($10,000.00) or under.

In the context of these amendments, it is the intent of the Board of Directors that when handwritten signatures are required, the University Union Director will usually and routinely utilize as the two signatures, one of those listed by numbers 1, 2 or 3 and one f those listed by numbers 4, 5 or 6 whenever practical and permitted by proper and timely conduct of business affairs of the corporation.

Further, the Board hereby requires that handwritten signatures, not facsimile signatures, shall be utilized for all amounts above Ten Thousand Dollars ($10,000.00).

It is the intent of the Board that this amendment shall permit and allow adjustments to the wording of this policy to incorporate or accommodate adjustments in content or language as may from time to time be required by the selected banking or savings and loan companies to reflect adjustments, form and formats then adopted by the banking industry.