Cornell University issues debt on behalf of the university for construction, improvements of capital projects, and replacement of equipment. The University Treasurer's office manages the debt portfolio, which includes different types of debt, such as tax-exempt and taxable long-term bonds (fixed and variable rate), tax-exempt and taxable commercial paper, and lines of credit.
The university's internal borrowing guidelines are principles established to assist the Cornell community in determining the length of a loan based on the project's cost. Units sponsoring a capital project must ensure that the project is in compliance with the . Internal loans are assigned to capital projects that have an approved Project Approval Request (PAR) and the project has received authorization from Capital Funding and Priorities Committee (CF&PC).