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3 comments:
Hmm ... there seems to be a pattern in the kinds of projects that merit "creative thinking" to get them financed.
Although Pres. Yudof said in comments yesterday, that this was merely arbitrage, it seems financially odd that the University's own Short Term Interest Pool can itself offer better rates!
http://www.ucop.edu/treasurer/stip/stipunitval09.html
Thus it seems that the University's approach is to borrow the money for such construction, with the agreement that the state may reimburse it (but may have to cut the general fund budget further to do so?).
Wow, there is a lot of effective info in this post!
elektronische zigarette
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