Date: 10/19/2015
Final
Discuss Changes to Review of Higher Ed Intercept Program Projects
COMMITTEE ON CAPITAL DEVELOPMENT
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08:06 AM -- Discussion of Changes to Review of Higher Ed Bond Intercept Program Projects
Ms. Kori Donaldson, Legislative Council Staff, provided an update on changes to the review and analysis of Higher Education Revenue Bond Intercept Program projects. Mr. Forbes returned to respond to questions regarding whether Colorado State University (CSU) meets the program requirements. Ms. Donaldson discussed some unique elements associated with a forthcoming CSU bond intercept project. Mr. Forbes responded to questions regarding CSU's current credit rating in the bond market, and the university's current aggregate debt service coverage. Mr. Forbes responded to additional questions regarding whether CSU can incur additional debt for more capital construction projects considering this aggregate. Discussion returned to CSU's credit rating, and the university's authority to borrow under the intercept program for a project.