Trustees approve issuance of bonds for chemistry building
Dec. 20, 2004
KALAMAZOO--Acting at their Dec. 10 meeting, Western Michigan University trustees authorized issuance of general revenue obligation bonds expected to generate $39 million in proceeds to be used to finance new initiatives on campus.
The trustees also authorized existing variable rate debt to be converted to fixed rate bonds. Taking advantage of current favorable bond rates, the university will use the new debt proceeds to generate cash in anticipation of gifts already committed to WMU and finance the construction of a new chemistry building on main campus.
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