Higher Education Capital Improvement Fund: (statute)
Outstanding
Debt
Enacted in 1999, this law authorized the
Authority to issue up to $550 million in bonds to fund partial
grants to public and private four-year colleges and universities
to enable them to finance preservation of their facilities
and to improve and expand technological infrastructures. In
2000, the Authority issued two series of bonds under this program
for a combined total par amount of $278 million. The Authority
sold its third series of bonds in an amount of $194,590,000
in November 2002. A fourth series of
bonds in an amount of approximately $77 million was issued
in 2004.
