Debt Service Obligations


Grand Valley State University

Debt Service Obligations as of June 30, 2022

Debt Service Obligation

Detailed by Project

Total
Outstanding
Debt
6/30/22

Anticipated
FY22-23
Payment

Outstanding
After FY23
Payment

General Revenue Refunding Variable Rate Demand Bonds, Series 2008B

Refunding and extinguishment of previous bonds 

25,890,000

2,135,000

23,755,000

General Revenue Refunding Bonds, Series 2013A

Refunding of previous bonds 

5,415,000

2,320,000

3,095,000

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. 

29,705,000

1,380,000

28,325,000

General Revenue Refunding Bonds, Series 2014B

Refunding of previous bonds 

33,760,000

1,530,000

32,230,000

General Revenue Bonds, Series 2015A

Construction of a student housing and academic building 

23,235,000

1,180,000

22,055,000

General Revenue Refunding Bonds, Series 2016A

Refunding of previous bonds 

55,450,000

3,085,000

52,365,000

General Revenue Bonds, Series 2017

Construction of an academic building and refunding of previous bonds 

20,315,000

870,000

19,445,000

General Revenue Bonds, Series 2018

Construction of an academic building and related parking structure 

39,860,000

1,330,000

38,530,000

         

Total

 

233,630,000

13,830,000

219,800,000

For further details, please see the annual financial reports



Page last modified July 18, 2022