Policy 7 - Debt Service Payments
DATE ISSUED: March 2, 1998
DATE REVISED: September 1, 2000
Debt service payments will be included in the operating budget for those areas with internal debt. These payments will be charged in actual at appropriate times during the year. These debt payments must be treated as any other financial obligation.
(The type of debt service payment referred to in this policy is primarily debt repayment to the University by a school or department for external borrowing on their behalf such as through a bond issue.)