Commission on Government Forecasting and Accountability
HOUSE
Robert Pritchard, Co-Chair
SENATE
Donne Trotter, Co-Chair
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Northern Illinois University 2014 COPs
Illinois State University 2014 COPs

Northern Illinois University 2014 COPs

 

Northern Illinois University proposes to sell up to $14,000,000 of Certificates Of Participation
in 2014 to refund Lease Revenue Bonds from 1999 and an Installment Payment Contract from 2010..

   

 

 

Request for Hearing:

Received February 14, 2014

Proposal Details:

Received February 14, 2014

Financial Audit:

Received November 14, 2013

COP Preliminary Official Statement and Agreements:

Received February 14, 2014

Contracts and Agreements:

Received February 14, 2014

Summary of Outstanding Debt Service:

Received February 14, 2014

Public Hearing Scheduled:

March 19, 2014

Meeting Agenda:

March 19, 2014

Meeting Audio:

March 19, 2014

NIU Informational Handout:

March 19, 2014

Commission Motion and Vote:

March 19, 2014

Commission Record of Findings:

April 3, 2014

Status of COPs:

Northern Illinois University's COP sale of $11,975,000 closed on April 22, 2014. They were priced with a 3.1636% true interest cost for a total savings of $1.15 million.