Debt Service Obligations
Grand Valley State University
Debt Service Obligations as of June 30, 2023
|
Debt Service Obligation |
Detailed by Project |
Total |
Anticipated |
Outstanding |
|---|---|---|---|---|
|
General Revenue Refunding Variable Rate Demand Bonds, Series 2008B |
Refunding and extinguishment of previous bonds |
23,755,000 |
2,225,000 |
21,530,000 |
|
General Revenue Bonds, Series 2014A |
Construction of a classroom and laboratory building, a building for the relocation of the University's bookstore and printing activities and an addition to Au Sable Hall. |
28,325,000 |
1,445,000 |
26,880,000 |
|
General Revenue Refunding Bonds, Series 2014B |
Refunding of previous bonds |
32,230,000 |
2,470,000 |
29,760,000 |
|
General Revenue Bonds, Series 2015A |
Construction of a student housing and academic building |
22,055,000 |
1,240,000 |
20,815,000 |
|
General Revenue Refunding Bonds, Series 2016A |
Refunding of previous bonds |
52,365,000 |
3,455,000 |
48,910,000 |
|
General Revenue Bonds, Series 2017 |
Construction of an academic building and refunding of previous bonds |
19,445,000 |
915,000 |
18,530,000 |
|
General Revenue Bonds, Series 2018 |
Construction of an academic building and related parking structure |
38,530,000 |
1,400,000 |
37,130,000 |
|
Total |
$216,705,000 |
$13,150,000 |
$203,555,000 |
For further details, please see the annual financial reports.