The university’s internal borrowing guidelines are guiding principles to effectively utilize capital resources, including debt financing, in achieving the mission and goals of the university while minimizing the cost of funds. Units sponsoring a capital project that requires debt financing must ensure that the project is in compliance with the Capital Project Funding Guidelines.
Under extenuating circumstances, certain exceptions to these guidelines can be approved by Planning and Budget and the Treasurer’s office.
Asset | Loan Repayment Life (years) |
---|---|
Buildings | |
Building (new) |
30 |
Building components (HVAC systems) |
20 |
Interior construction and renovation |
20 |
Roof upgrades |
20 |
Building equipment and fixtures |
15 |
Improvements other than building (includes, but is not limited to, upgrades to roads, sidewalks, utility projects, etc.) |
10-15 |
If you have any questions, please contact Carolann Saggese, Director, Debt, at (607) 342-7474.