FINANCIAL_SERVICESAPPROVED

pennsylvania-state-system-of-higher-education-central-office-agenda-2024-04-11_e65.pdf

PASSHE Authorizes Authority to Issue Refunding Bonds

Pennsylvania State System Of Higher Education-Central OfficePENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITYApril 11, 2024

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Description

The Board of Governors approved authorization for the Pennsylvania Higher Educational Facilities Authority to issue refunding bonds for the State System in FY 2024/25, guided by market conditions delivering at least 4% net present value savings. This authorization expires June 30, 2025 and bonds will be competitively bid.

Contract Details

Vendor

PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY

Agency

Pennsylvania State System Of Higher Education-Central Office, PA

Contract Type

FINANCIAL_SERVICES

Document Date

April 11, 2024

Contract Term

Authorization expires June 30, 2025

Renewal Date

2025-06-30

Renewal Info

Authorization expires June 30, 2025 and must be renewed for future fiscal years to permit additional refunding bond issuances beyond that date.

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