Funding of Debt Service – General Criteria for Debt-financed Projects

In evaluating its capacity for external debt, the University will also consider what revenue sources might be available specifically to pay debt service. Housing, and student activity, facility, and parking fees will be considered when planning for capital projects and debt associated with these income streams. In general, the University will consider the level of self-support and external revenue support associated with capital projects in assessing debt affordability within the University’s operating budget. The University will also consider the trustee discretionary fund and its ability to leverage additional debt within the University’s overall balance sheet.