Commission on Government Forecasting and Accountability
HOUSE
Robert Pritchard, Co-Chair
SENATE
Donne Trotter, Co-Chair
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Eastern Illinois University 2009A COPs
Eastern Illinois University 2009A COPs

Eastern Illinois University 2009A COPs

 

Eastern Illinois University proposes to sell $85,865,000 of Certificates Of Participation
for the construction of a new Renewable Energy Center and other Energy Conservation Measures.

 

 

 

 

Timeline:

Begins July 22, 2009

Proposal Details:

July 20, 2009

Financial Audit:

July 20, 2009

COP Preliminary Official Statement and Agreements:

July 20, 2009

Public Hearing Scheduled:

August 24, 2009

Meeting Audio

Commission Motion and Vote:

August 24, 2009

Commission Record of Findings:

September 15, 2009

Status of COPs:

Eastern Illinois University sold $84,930,000 of COPs in late September 2009, using Build America Bonds (BABs). The BABs were sold at an average rate of 4.13% true interest cost net after the federal government's refund to the University.