UM System Board of Curators approves sales of revenue bonds

2 years 4 months 1 week ago October 21, 2014 Oct 21, 2014 Tuesday, October 21 2014 Tuesday, October 21, 2014 3:25:00 PM CDT in News
By: Sara Pang, KOMU 8 Reporter
loading

COLUMBIA - The UM Board of Curators unanimously voted on the sale of the UM system facilities revenue bonds of over $255 million.

Tuesday's voting approved $150 million of the $255 million of the system's revenue bonds. The System Facilities Revenue Bonds will be used to fund construction projects among the UM System campuses.

The Board of Curators previously approved these projects in the last couple of years but the financing is only now being addressed.

This approval will allow the universities to begin working on these projects and pay them off over time as apposed to paying it off all at once.

Chief Communications Officer John Fougere said, "Our capital project needs across the campuses includes both the need for new buildings and new lab space, more residence halls. It also includes renovations of existing buildings. Lafferre hall is a perfect example of some of the renovation needs that we have on existing buildings."

The UM System intends to go to market next Monday, but it will depend on the market conditions.

Fougere explained, "It's a great time for them to do that because not only the interest rates are at historic low's right now but the University of Missouri's credit rating is rated as being excellent by Moody's and S&P."

 

Related Stories

More News

Grid
List
JEFFERSON CITY- Republican lawmakers continue at odds over the Real ID Act . One side of the argument seeks to... More >>
1 hour ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 11:30:00 PM CST in News
COLUMBIA - As President Donald Trump prepares an alternate version of a temporary travel ban on refugees and members of... More >>
7 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 6:00:00 PM CST in News
COLUMBIA - Planned Parenthood opponents are planning a month of protests after a march that drew between 50 and 100... More >>
7 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 5:57:00 PM CST in Continuous News
ST. CHARLES (AP) — A Missouri woman has pleaded guilty to neglect after authorities say she left her 2-year-old boy... More >>
7 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 5:30:30 PM CST in News
COLUMBIA- Local dog boarding facilities are amping up their luxury of care for your pet. Several big city boarding... More >>
13 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 11:23:11 AM CST in News
HOUSE SPRINGS, Mo. (AP) — Authorities say they've arrested a suspect in connection with a weekend shooting death south of... More >>
15 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 9:37:00 AM CST in News
COLUMBIA - Residents of older homes in Columbia could be eligible for free water testing for lead. The My... More >>
16 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 8:58:00 AM CST in News
LACLEDE COUNTY — A man accused of assaulting and sexually abusing his 5-month-old daughter nearly eight years ago finally has... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 11:02:00 PM CST in News
COLUMBIA — United Airlines flight schedules posted to its website Saturday night showed two new flights out of Columbia Regional... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 9:48:00 PM CST in News
COLUMBIA — U.S. Sen. Roy Blunt, R-Mo., announced Saturday that his local office space will be relocated from its current... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 9:11:00 PM CST in News
COLUMBIA — This weekend Missourians came together to give the Loos family a home makeover. Rhyan Loos, 7, was... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 7:21:00 PM CST in News
COLUMBIA — There is a significant "values gap" between employers and the millennials who work for them, according to a... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 7:05:00 PM CST in News
COLUMBIA — Boone County experienced at least a dozen fires Feb. 18, a number that did not surprise fire officials.... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 5:00:00 PM CST in News
JEFFERSON CITY — People from all over mid-Missouri gathered at the Miller Performing Arts Center Saturday to listen to local... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 4:00:00 PM CST in News
JEFFERSON CITY — A crash involving an anhydrous ammonia trailer killed one person in Jefferson City Saturday morning. According... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 3:44:00 PM CST in News
COLUMBIA — Representatives from two East Campus housing associations spoke at the Unified Development Code public forum Saturday and found... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 1:36:00 PM CST in News
COLUMBIA — Hundreds of mid-Missourians attended the 6th Annual Fitness for a Cure event Saturday, an event that benefitted the... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 12:01:00 PM CST in News
ST. CHARLES (AP) — A woman has been accused of stabbing a worker at a General Motors plant near St.... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 10:27:08 AM CST in News
Columbia, MO
Broken Clouds 35°
2am 38°
3am 35°
4am 35°
5am 34°

Select a station to view its upcoming schedule:

Coming Up Next

1:05a
Dateline NBC
2:03a
Meet the Press
3:00a
Paid Program
12:00a
Species
2:00a
Paid Program
2:30a
Paid Program

Tonight's Schedule

7:00p
The Voice
9:00p
Taken
7:00p
Supergirl
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld