| Capital
construction loans are available to fund capital construction projects.
The funds can be either permanent financing or bridge financing to cover
gifts that have been pledged or not received to date. These loans are
identified in Section 7 of a completed Project Request Authorization
(PAR). |
| TERMS: |
|
| Interest rate: |
4.02% for fiscal year
2005 (rate adjusted annually) |
| Repayment period: |
Repayment period is
based on the life of the asset and the amount of funds borrowed. See
Internal Borrowing Policy. |
| Procedures: |
|
| |
Complete Loan
application (loan application must match the Section 7 of the approved
PAR)
Loan application
should be signed the Dean, Director or Department Head.
Send to the Director
of Debt |
| |
| Instructions & Application |
 |
|
