UM System Board of Curators approves sales of revenue bonds

5 years 9 months 3 weeks ago Tuesday, October 21 2014 Oct 21, 2014 Tuesday, October 21, 2014 3:25:00 PM CDT October 21, 2014 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 - A Monday crash in Jefferson City damaged three parked vehicles and injured the driver. Curtis Murrell... More >>
4 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 8:18:00 PM CDT August 11, 2020 in News
COLUMBIA - KOMU 8 confirmed on the scene of the incident a man was shot on Tuesday at the Columbia... More >>
5 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 7:22:00 PM CDT August 11, 2020 in News
MISSOURI — As COVID-19 continues to spread throughout Missouri, state and local officials confirm new case counts daily. This... More >>
7 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 5:30:00 PM CDT August 11, 2020 in News
COLUMBIA - Columbia mayor Brian Treece called on college students to make smart choices when returning to campus. "I... More >>
7 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 4:58:00 PM CDT August 11, 2020 in News
COLUMBIA - Mizzou superfan Brian Garner has accumulated hundreds of coaches and players' signatures on his prosthetic leg. He hasn't... More >>
8 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 4:45:00 PM CDT August 11, 2020 in News
WASHINGTON, D.C.: The news conference is scheduled to start at 4:30 p.m., according to Trump. More >>
8 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 4:26:00 PM CDT August 11, 2020 in News
JEFFERSON CITY - Public school administrators discussed, Tuesday afternoon, the district's reopening plans, as student prepare for the start of... More >>
8 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 4:16:00 PM CDT August 11, 2020 in News
COLUMBIA — In a new briefing Tuesday afternoon, Columbia police asked the public for information on two separate early-morning incidents.... More >>
8 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 3:53:00 PM CDT August 11, 2020 in News
COLUMBIA - The parking lot at Tolton Catholic High School will fill up two weeks before Columbia Public Schools. ... More >>
8 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 3:49:00 PM CDT August 11, 2020 in News
(CNN) -- [Breaking news update, published at 4:40 p.m. ET] The Pac-12 Conference CEO Group unanimously voted Tuesday to... More >>
9 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 3:34:00 PM CDT August 11, 2020 in News
WILMINGTON, Del. (AP) — Joe Biden has chosen California Sen. Kamala Harris as his running mate. It’s a move... More >>
9 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 3:23:39 PM CDT August 11, 2020 in News
JEFFERSON CITY – A news conference staged Tuesday put mourners and activists in front of cameras to call on Governor... More >>
9 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 3:02:00 PM CDT August 11, 2020 in News
JEFFERSON CITY — The Jefferson City School Board has agreed to sell the former Simonsen Ninth Grade Center building to... More >>
10 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 2:17:00 PM CDT August 11, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
10 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 2:09:00 PM CDT August 11, 2020 in News
JEFFERSON CITY - The Missouri Supreme Court upheld a lower court's ruling awarding damages to a woman injured when her... More >>
11 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 1:37:53 PM CDT August 11, 2020 in News
The COVID-19 pandemic has made access to mental health resources difficult, and for children with impulse control disorders, the changes... More >>
14 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 9:50:00 AM CDT August 11, 2020 in A Brighter Tomorrow
COLUMBIA — A home invasion in north Columbia sent one woman to the hospital early Tuesday morning. CPD Detective... More >>
18 hours ago Tuesday, August 11 2020 Aug 11, 2020 Tuesday, August 11, 2020 6:21:00 AM CDT August 11, 2020 in News
COLUMBIA — Columbia's Board of Education voted Monday night to delay the start of the 2020-2021 school year. ... More >>
1 day ago Monday, August 10 2020 Aug 10, 2020 Monday, August 10, 2020 9:36:00 PM CDT August 10, 2020 in News
Columbia, MO
Broken Clouds 73°
1am 72°
2am 72°
3am 73°
4am 72°