2322 Disbursement for University Debt Obligation

The Office of the V.P. for Finance and Treasurer has the authority and responsibility to ensure the timely payment of University debt obligations in accordance with applicable debt instructions.

Debt service payments will be initiated through Penn Marketplace and completed by Finance & Treasury.

Debt service payments must conform to the Debt Service Schedule as approved annually by the Associate Vice President, Finance & Treasury Management.

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.