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Reporting Requirements for Tax Exempt Debt

Business/Finance and Facilities


Contents

  1. Introduction
  2. Roles and Responsibilities
  3. Policy Statement
  4. Policy History

I. Introduction

  1. Authority: C.R.S. ยง 23-54-102, et seq. (2002) authorizes the Trustees of Metropolitan State University of Denver (MSU Denver) to establish rules and regulations to govern and operate the University and its programs.

  2. Purpose: This policy requires the Trustees to approve tax-exempt debt incurred by the University prior to issuance.

  3. Scope: This policy applies to Administrative Units.

II. Roles and Responsibilities

  1. Responsible Executive: President

  2. Responsible Administrator: Chief Financial Officer

  3. Responsible Office: Office of the Chief Financial Officer

  4. Policy Contact: Office of the Chief Financial Officer

III. Policy Statement

Any tax-exempt debt, including bank qualified debt, incurred by the University must be approved by the Board prior to the issuance of the debt instrument (e.g., bonds, lease purchase agreements, etc.).


IV. Policy History

  1. Effective: November 9, 2007

  2. Approved by: Board of Trustees

  3. Source: MSCD Trustees Manual, 2007, Section 4.16

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