Line of Credit

A resolution by the Board of Directors of La Leche League International stating the duration, total amount, and interest rate is required to open any line of credit. It is the Board of Directors’ responsibility to ensure that the total debt and lines of credit are consistent with the overall financial health of the organization. Use of the line of credit must be approved by the Executive Director, the Board Chair/co-Chair and the Treasurer. The Treasurer, in consultation with the Finance Committee, will review annually all debt facilities and recommend changes, as necessary, to the Board of Directors.

(Nov 07, Oct 20)