University of Arizona Proposes $20M of COPs for Maintenance Costs

Watts, Jim
January 2005
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p5
Trade Publication
This article reports that the University of Arizona (UA) will use up to $20 million of tuition-supported certificates of participation to finance maintenance of buildings and infrastructure at its Tucson campus. The university has deferred some maintenance and kept up with the most pressing needs by shifting funds from other sources into the maintenance budget. The university asked for $41 million for maintenance in its FY 2006 budget request. However, neither Governor Janet Napolitano's proposed budget--which contains $1.4 million to help open and operate new buildings at UA--nor a proposed budget from the Joint Legislative Budget Committee include money for UA campus maintenance.


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