2.4.4 Contracts, Debt and Investments

2.4.4.1 Contracts
The Senior Minister may delegate authority to staff to sign contracts up to $25,000.
The Senior Minister may enter into contracts up to $100,000 or up to two years in length.
Contracts exceeding $100,000 or longer than two years require Board approval.
2.4.4.2 Debt
Board approval is required for the refinancing of existing debt.
The congregation must approve any new debt that will be retained beyond a single fiscal year.