1. Authorized Signatories
The following positions are authorized to sign checks on behalf of NSWERS:

• • Executive Director
  • Executive Council President
  • Executive Council Secretary/Treasurer

2. Signature Requirements

Disbursements made by NSWERS, including checks, electronic payments, and other transfers, shall require two (2) facsimile or original signatures from authorized individuals, except as set forth below.

The Executive Director is authorized as a sole signatory for disbursements up to and including seventy-five thousand dollars ($75,000) per individual transaction, provided the disbursement is consistent with an approved contract, purchase, or reimbursement authorized under NSWERS policy.

Disbursements exceeding seventy-five thousand dollars ($75,000) per individual transaction, or that are not otherwise authorized by policy, shall require two authorized signatures, one of which must be an officer of the Executive Council.

Payroll, payroll tax filings, and benefits payments may be processed with the Executive Director as sole signatory regardless of amount, given that these obligations are non-discretionary and approved through normal budget and personnel processes. Electronic or facsimile signatures may be used in accordance with applicable law and internal controls.

3. Bonding and/or Insurance Requirement
NSWERS shall obtain bond(s) and/or equivalent commercial insurance covering employee dishonesty of any NSWERS employee or other NSWERS official who is authorized to handle or disburse funds.