2322 Disbursement for University Debt Obligation

Document purpose

To establish the timely payment of valid and authorized University debt obligations.

effective

January, 1989

revised

May, 2006

Reviewed

April, 2018

Responsible Office

Treasurer

Approval

Treasurer

Policy

  1. The Treasurer’s office has the authority and responsibility to ensure the timely payment of University debt obligations in accordance with applicable debt instructions.

  2. Debt service payments will be initiated through a properly completed and authorized Office of the Comptroller’s disbursement form.

  3. Debt service payments must confirm to the Debt ServiceSchedule as approved annually by the Associate Treasurer.

  4. Debt service agreements executed subsequent to the annual approval of the Debt Service schedule must be approved individually by the V.P. for Finance and Treasurer and added to the schedule prior to any payment thereon.