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 RESOLUTION REQUESTING THE ISSUANCE OF GENERAL OBLIGATION STATE INSTITUTION REFUNDING BONDS FOR WINTHROP UNIVERSITY


Given prevailing market conditions, substantial debt service savings would be achieved through the refunding of portions or all of certain outstanding State Institution Bonds issued on behalf of the University. After a review of debt service requirements with respect to presently outstanding State Institution Bonds, an estimated savings of $1,500,000 in debt service payments may be realized for the remaining life of the Institution Bonds.

This resolution would allow the issuance of not exceeding Twenty Two Million ($22,000,000) of General Obligation State Institution Refunding Bonds, which will be used to defease and replace the existing bonds, or portions of existing bonds.

APPROVED, this the 17th day of February 2012.

 

 

 

 

 

 

 

Full resolution is available for viewing in the President's Office. 

IN THE HEART OF THE CAROLINAS
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