VIII - 1.00 - Approve Change of Signature on Bank Accounts

I. Policy and Purpose

A.To designate an individual with the authority to change the authorized signatures on Working Fund accounts and other check accounts held in the name of Bowie State University.

B.The Vice President for Finance and Budget is authorized to approve changes in the names of persons authorized to sign checks or other notices of withdrawal from checking accounts carried in the name of the University. This authority is delegated to the Controller of Bowie State University.

C.The Controller shall send a copy of all such changes to the Vice President of Finance and Budget. The Vice President of Finance and Budget shall send notice of all changes to the depository by letter.

Effective Date: 01/24/2002