Skip to content

    Pages for:

  • Faculty
  • Staff
  • Students
Cornell University
Cornell University
Office of the Treasurer
  • About
    • Contact
    • Events
    • News
  • Cash Management
    • Processing International Funds
      • Int’l Currency Conversion
      • International Exchange Rates
    • Processing Credit Cards
      • Getting Started
        • Rules and Requirements
        • Setting Up a New Merchant ID
        • Changing Your Merchant Setup
        • Reporting Tools
      • Credit Card Processing Fees
      • Credit Card Support, Guides and Forms
    • Processing Cash and Checks
      • Armored Car Service
      • Cash Deposits
      • Lockbox Processing
      • Remote Deposit Capture
      • Spotting Counterfeit Currency
      • Spotting Forged Checks
    • Processing Wires and ACH Payments
    • Paying Vendors by Wire, ACH, or Draft
    • Unidentified Receipts
    • Policies and Training
    • Forms
  • Debt
    • Investor Relations
      • CU Debt Rating
      • Green Bonds
    • Internal Debt
      • Internal Borrowing Guidelines
      • Notice of Intent to Borrow for Capital Project
      • Internal Borrowing Rate
    • Private Use Compliance
      • Private Use Policy and Guidelines
      • Private Use Template: Cornell Staff Resource
      • Buildings Funded with Tax-Exempt Debt
  • forms
  • CU policies
  • training
  • KFS Support
  • e-SHOP

In this section

  • Investor Relations
    • CU Debt Rating
    • Green Bonds
  • Internal Debt
    • Internal Borrowing Guidelines
    • Notice of Intent to Borrow for Capital Project
    • Internal Borrowing Rate
  • Private Use Compliance
    • Private Use Policy and Guidelines
    • Private Use Template: Cornell Staff Resource
    • Buildings Funded with Tax-Exempt Debt

Internal Debt

Cornell University issues debt to units on behalf of the university for construction, capital project improvements, equipment replacement, and working capital requirements. The University Treasurer's office manages the debt portfolio, which includes tax-exempt and taxable long-term bonds, tax-exempt and taxable commercial paper, and lines of credit.

Units sponsoring a capital project must ensure that the project complies with the Capital Project Funding Guidelines (PDF). 

For a capital project to be funded with debt, the unit must:

  1. Discuss with key central stakeholders the project priorities, funding strategies, and timing at the Physical Plant Planning Group (3PG) meeting. 
  2. Submit the Notice of Intent to Borrow for Capital Project to the University Treasurer's Office.

The University Budget Office, Facilities Management, and the Treasurer’s office review debt funding requests on a quarterly basis. Projects will be prioritized based on need and the unit’s ability to repay. Once approved, the projects will be included in the university’s capital plan. Unless the internal debt is included in the capital plan, the funding is not considered authorized and should not be included in the project approval request. 

Office of the Treasurer

260 Day Hall
Ithaca, NY 14853

CONTACT US

Email:  treasurer@cornell.edu
Wires/Payments: cashmanagement@cornell.edu
Hours: 8:00 a.m. - 5:00 p.m., Monday - Friday

  • DFS Home
  • CUInfo
  • Executive Vice President and CFO
  • University Audit Office
  • Office of University Investments
  • Division of Budget and Planning
  • Risk Management and Insurance
  • Cornell University Policy Office
  • Alliance for Diversity and Inclusion
  • Cornell United Way
  • Campus Alerts
  • COVID-19 Etiquette for Faculty and Staff

©2025 Cornell University

Web Accessibility Assistance