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Thursday, August 6, 2009

Thursday, August 6, 2009

So...what business are we in again?

From the SF Chronicle, a report that UC is lending $200 million to the state of California. Really.

3 comments:

Anonymous said...

Hmm ... there seems to be a pattern in the kinds of projects that merit "creative thinking" to get them financed.

AndrewD said...

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?).

Aron said...

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