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University finance committee approves authorizations for $200 million bonds, $600 million note program and commercial paper
Summary
The University of Pittsburgh Board of Trustees Finance and Budget Committee approved three resolutions authorizing up to $200 million in bonds, reauthorizing the Panthers tax-exempt note program up to $600 million and establishing a commercial paper program.
The University of Pittsburgh Board of Trustees Finance and Budget Committee approved three resolutions authorizing up to $200 million in bond issuance, reauthorizing the Panthers short-term tax-exempt note program up to $600 million, and establishing a commercial paper program, during a public meeting held by the committee. Jack Teigen, chairperson of the Finance and Budget Committee, opened the meeting and noted it had been advertised under the Sunshine Act and was open to the public.
The actions were presented by Paul Lawrence, the university treasurer. "Today, we are seeking the committee's approval of 3 resolutions," Lawrence said, describing the…
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