Higher Ed System Approves $32M Bonds

The Pennsylvania State System of Higher Education's board of governors approved up to $32 million in fixed-rate bonding, which it will issue through the Pennsylvania Higher Educational Facilities Authority.

The bonds will be a general obligation of the system.

Projects include the construction and renovation of student union facilities at California University; installation of artificial turf at Mansfield University; construction and renovation of student dining facilities at Indiana University; and contingency and issuance costs.

Other universities under the 14-school state system are Bloomsburg, Cheyney, Clarion, East Stroudsburg, Edinboro, Kutztown, Lock Haven, Millersville, Shippensburg, Slippery Rock and West Chester.

Pennsylvania State University is not part of this system, nor are the other three colleges within the Commonwealth System of Higher Education, which consists of "state-related" schools Lincoln University, Temple University and the University of Pittsburgh.

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