This Bulletin applies both to proposed campus and Office of the President projects. Those projects that increase the usefulness, efficiency, or prolong the life of existing property but do not result in significant alterations or renovations. Examples of such projects are regular maintenance or repairs, or replacements of equipment of like kind. Borrowed funds scheduled to be repaid over one or more future fiscal periods. External loans are funds obtained from the sale of revenue bonds, from lending agencies, or from any other sources requiring repayment outside the University.
Internal loans are advances of Regents' funds.
The amount of principal and interest payable annually on borrowed funds. The excess amount of current assets over current liabilities. Such current assets may be in the form of inventories and receivables. Use in connection with or in support of academic, research, public service, or business-type programs on the campuses or in the Office of the President. Excludes purchase of real property for investment purposes.