Constitutional Musings: Loans for a Congregation or Session
April 2020
There have been a lot of questions regarding the powers of a congregation to apply for unsecured loans this week since the federal government has made available the possibility that religious entities may apply for loans from federal agencies or loans that are backed by federal funds. This constitutional musing does not address the wisdom of a session entering into an unsecured loan from a federal agency but merely who has the power within the Presbyterian Church (U.S.A.) polity to make the decision whether or not to apply for a loan.
Published Date
Nov 14, 2024
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