Debt Service Obligations
Grand Valley State University
Debt Service Obligations as of June 30, 2025
|
Debt Service Obligation |
Detailed by Project |
Total |
Anticipated |
Outstanding |
|---|---|---|---|---|
|
General Revenue Refunding Variable Rate Demand Bonds, Series 2008B |
Refunding and extinguishment of previous bonds |
19,210,000 |
2,415,000 |
16,795,000 |
|
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. |
25,370,000 |
1,590,000 |
23,780,000 |
|
General Revenue Refunding Bonds, Series 2016A |
Refunding of previous bonds |
45,180,000 |
4,050,000 |
41,130,000 |
|
General Revenue Bonds, Series 2017 |
Construction of an academic building and refunding of previous bonds |
3,250,000 |
0 |
3,250,000 |
|
General Revenue Bonds, Series 2018 |
Construction of an academic building and related parking structure |
35,660,000 |
1,545,000 |
34,115,000 |
|
General Revenue Bonds, Series 2024A |
Refunding of previous bonds |
37,920,000 |
3,760,000 |
34,160,000 |
|
General Revenue Bonds, Series 2025A |
Refunding of previous bonds |
18,150,000 |
1,270,000 |
16,880,000 |
|
Total |
$184,740,000 |
$14,630,000 |
$170,110,000 |
For further details, please see the annual financial reports.