Can the Business Manager approve loans from local union funds?

The Business Manager generally does not have the authority to approve loans from local union funds. This responsibility typically falls under the governance of the union's bylaws, which often require that such financial decisions be made collectively, rather than by individuals. In many union structures, significant financial commitments like loans are decided by the membership or elected board members to ensure transparency and accountability. This process helps prevent any potential misuse of funds and aligns financial actions with the best interests of the membership as a whole.

If a provision exists for loan approval, it would typically involve more than just the Business Manager's discretion, often requiring additional oversight or input from a committee or the membership. Understanding these governance principles is crucial for maintaining the integrity and trust within the union’s financial activities.