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

Illinois State University 2014 COPs

 

Illinois State University proposes to sell up to $25,000,000 of Certificates Of Participation
in 2014 to finance information technology improvements and academic facilities improvements.

   

 

 

Request for Hearing:

Received February 10, 2014

Proposal Details:

Received March 17, 2014

Financial Audit:

Received March 4, 2014

COP Preliminary Official Statement and Agreements:

 

Contracts and Agreements:

Received March 4, 2014

Summary of Outstanding Debt Service:

Received February 10, 2014

Public Hearing Scheduled:

March 19, 2014

Meeting Agenda:

March 19, 2014

Meeting Audio:

March 19, 2014

ISU Informational Handout:

March 19, 2014

Commission Motion and Vote:

March 19, 2014

Commission Record of Findings:

April 3, 2014

Status of COPs:

The sale of the 2014A-1 and 2014A-2 Certificates of Participation series closed on May 14, 2014. The 2014A-1 series of $9.2 million was a direct bank purchase that received a true interest cost of 2.290%. The 2014A-2 series of $15.8 million received a true interest cost of 4.277%. The combined true interest cost was 3.865%.