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Board authorizes up to $500 million in facilities bonds and a $500 million commercial paper program
Summary
The Board authorized the University of Nebraska Facilities Corporation to issue long-term facilities bonds of up to $500 million and approved a commercial paper program authorizing up to $500 million in notes. Regents said projects financed through these mechanisms will be brought to the board for prior approval of specific capital projects.
The Board of Regents on Aug. 14 authorized two major financing resolutions to provide capital flexibility for system projects.
The first resolution authorizes financing through the University of Nebraska Facilities Corporation for an amount not to exceed $500 million to finance various projects. The resolution allows a maximum maturity of 40 years, though actual maturities will be…
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