|
|
|
|
|
|
|
| bsu homepage | index | search |
|
|
February 12, 2002 BSU FOUNDATION’S REFINANCING OF BONDS SAVES STATE $900,000 A second refinancing of the bonds used in 1988 to build Boise State University’s Engineering/Technology Building will result in a savings of almost $900,000 to the state of Idaho, the BSU Foundation announced. The bonds, which are secured by a lease agreement with the university and the State Board of Education, were initially refinanced in 1991 resulting in savings to the state of $240,000. The recent refinancing will result in an additional savings of $653,000, the Foundation said. “In addition to providing a first-class academic facility for our outstanding engineering students, the Foundation is pleased that its fiscal management has resulted in a savings of almost $900,000,” said Allen Dykman, president of the BSU Foundation board of directors. “This is especially true in this current economic environment.” The Engineering/Technology Building, located in Boise State’s engineering complex, was the first academic building in the Treasure Valley devoted to the high-tech field of study. The BSU Foundation was established in 1964 as a nonprofit corporation devoted entirely for the benefit of Boise State. Its mission is to raise funds and support the university’s academic programs and to manage all private funds donated to the university. Contact: Media contact:
|
