Commission on Government Forecasting and Accountability
HOUSE
Robert Pritchard, Co-Chair
SENATE
Donne Trotter, Co-Chair
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Northeastern Illinois University Series 2010 COPs
Northeastern Illinois University 2010 COPs

Northeastern Illinois University Series 2010 COPs

 

Northeastern Illinois University proposes to sell up to $6,500,000 of Certificates Of Participation
to finance the acquisition of energy conserving improvements at the University.

 

 

 

 

Timeline:

Begins June 28, 2010

Proposal Details:

June 28, 2010

Financial Audit:

June 28, 2010

COP Preliminary Official Statement and Agreements:

June 28, 2010

Energy Audit Report:

July 14, 2010

Public Hearing Scheduled:

August 4, 2010

Meeting Agenda:

August 4, 2010

NEIU Informational Handout:

August 4, 2010

Commission Motion and Vote:

August 4, 2010

Meeting Audio:

August 4, 2010

Commission Record of Findings:

August 18, 2010

Status of COPs: Northeastern Illinois University sold $6.06 million of Certificates of Participation in September 2010 under the Build America Bond Program. Due to the 35% interest subsidy from the federal government, the true interest cost, net of the subsidy, was 3.652%