The Dormitory Authority of the State of New York gave final approval for $375 million of tax-exempt bonds for Cornell University and preliminary approval for up to $30 million of tax-exempt bonds for a children’s hospital.

Cornell, located in Ithaca, plans to use the proceeds for capital projects totaling $182.7 million. It also plans to refund about $146 million of tax-exempt commercial paper and $32.7 million of taxable commercial paper, and will use $8.7 million to terminate a forward swap executed in 2007.

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