The University of Puerto Rico is seeking more revenue from its student body to help close an estimated $166 million deficit for the upcoming school year and support capital projects.

UPR anticipates receiving a loan from the Government Development Bank for Puerto Rico, the school’s fiscal agent, prior to its next bond deal, said Gabriel Rivera, the university’s director of finance. The school may issue its next bond sale in 2011, with those proceeds repaying the GDB and also financing infrastructure improvements, he said.

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