September 23-24,1999
ITEM 104-1001-R0999
Series F 1999 Revenue Bonds; The University of MontanaTHAT: The Board of Regents of the Montana University System adopts the Bond Resolution for the Series F 1999 Revenue Bonds for The University of Montana and authorizes The University of Montana and the Commissioner of Higher Education of the Montana University System to proceed with the issuance of the Series F 1999 Revenue Bonds.
|
All Campuses of The University of Montana Restructuring of outstanding debt |
$58,745,000 |
|
The University of Montana-Missoula Student Recreation Center |
$10,600,000 |
|
Western Montana College of The University of Montana Refinancing of existing mortgages |
$ 155,000 |
|
Helena College of Technology The University of Montana Refinancing of existing mortgages |
$ 125,000 |
|
TOTAL |
$82,305,000 $69,625,000 |
EXPLANATION:
The authorization to The University of Montana to proceed with the issuance of the Series F 1999 Revenue Bonds is subject to final approval by the University and the Commissioner of Higher Education of the Montana University System. The action also authorizes the Chair of the Board of Regents, the Vice Chair of the Board of Regents, the Commissioner of Higher Education, the President of The University of Montana, and the Vice President for Administration and Finance of The University of Montana-Missoula to execute such documents as may be required to consummate the issuance of the Series F 1999 Revenue Bonds.ATTACHMENTS: Series F Revenue Bonds Summary and Series F 1999 and Revenue Bonds Resolution.