A resolution to refinance 2003 series student housing revenue bonds was approved unanimously at a special UNA board of trustees executive committee meeting Aug. 10.  The approval could save the university $742, 980.

The savings, generated by lower interest rate financing on the bonds, will be accompanied by the university’s ability to release $736, 111 of previously reserved money from a savings account required to meet the terms of the 2003 bonds.

The university’s newfound savings will be used for capital projects, including the upcoming academic commons building.

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