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1801 Debt Financing Selection

Document purpose

To ensure selection and use of the most cost-effective debt financing to meet current operation and capital project needs.

effective

December 1986

revised

August 2017

Reviewed

April 2024

Responsible Office

Treasurer

Approval

Trustees

The Policy

  1. The Vice President for Finance and Treasurer is responsible for assessing and selecting the most cost-effective debt financing alternatives to meet current operation and capital project needs.

  2. The Trustees must approve all debt agreements in excess of $1,000,000 prior to their execution.

  3. Debt instruments shall be reviewed by the Debt Subcommittee of the Budget and Finance Committee annually.