Hillsdale Housing Commission
45 N. West Street � Hillsdale, MI  49242
Phone: (517) 439-1210 � Fax: (517) 439-9577 � E-mail: mail@hillsdalehousing.org

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Funds Transfer Policy

The Hillsdale Housing Commission hereby designates the positions that have the authority to transfer funds on its behalf. The purpose of this policy is to update instructions to depositories on who may transfer funds.

A. People occupying the following positions are the only ones authorized to transfer funds from one Hillsdale Housing Commission bank account to another and/or to wire transfer funds relating to Authority investments and cash management. Funds transfer activity requires the approval of two parties, one of which must be a member of the Hillsdale Housing Commission.

B. The positions authorized to transfer funds shall be bonded.

C. A copy of this policy shall be forwarded to all designated depositories of the Authority.

D. This policy rescinds all previous transfer of funds policies and shall become effective upon its adoption.