State University System of Florida Board of Governors Budget and Finance Committee Agenda New College of Florida, Auxiliary Revenues for Athletics 2026-06-25
Trustee Confirms Compliance of Internal Loan Transfer
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Description
New College of Florida confirmed with U.S. Bank, the trustee for its existing housing auxiliary debt, that a planned $2.5 million internal loan transfer from housing reserves to athletics would not violate any bond covenants. The State University System Board of Governors is being asked to approve use of auxiliary funds for an internal loan to complete a new baseball field.
Contract Details
Vendor
U.S. BANK
Agency
Florida BOG |Budget and Finance Committee, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 24, 2026
Renewal Info
Ongoing trustee engagement for existing auxiliary debt; no specific renewal or amendment is described in this agenda item.
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