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9FF0AC9339102F2B872583D7004E0303 Hearing Summary




PUBLIC
BILL SUMMARY For APPROVAL OF INTERCEPT PROJECTS, ADAMS STATE UNIVERSITY

JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date Apr 9, 2019      
Location SCR 357



Approval of Intercept Projects, Adams State University -


08:12:10 AM  

Ms. Donaldson introduced a memo (Attachment D) describing the request from Adams State University.  The request reauthorizes debt under the Intercept Program.

08:14:38 AM  

Dr. Cheryl Lovell, President of Adams State University, introduced Heather Heersink, Chief Financial Officer of Adams State University.  Ms. Heersink described the debt issuance for the institution's refinancing.  Ms. Heersink responded to a question from the committee regarding the duration of the debt service.



08:16:53 AM
Motion Approve and recommend to the Joint Budget Committee the proposed refunding of up to $34 million of existing intercept debt for Adams State University.
Moved Fields
Seconded
Beckman Yes
Sonnenberg Yes
Story Yes
Valdez A. Yes
Fields Yes
Roberts Yes
Final YES: 6   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS