Issue: who is liable for principal and interest payments
Posted on: February 18, 2025 at 09:07:01 CT
ScottsdaleTiger MU
Posts:
12756
Member For:
26.27 yrs
Level:
User
M.O.B. Votes:
0
The bonds are loans. The require someone to issue the bonds, make the recurring interest payments and repay the principal.
My quick and dirty research suggests that one or more entities have been created for the specific purposes of issuling the bonds and making the required payments on them. Presumablly, the funds are being supplied to these entities by the University.