Can capital projects be financed by auxiliaries?
Capital projects are large scale, long-term projects requiring significant cash commitments or debt service through pay-as-you-go or revenue bond instruments for the most part. At a minimum, a departmental unit or activity must demonstrate solid financial strength presently and in projected cash flow typically five to twenty years out depending on the amount and term of the loan. All requests for capital project financing must be approved by the University Business Office.
