Currently, the university is not issuing any new debt. This program is on hold until further notice.
If you have any questions, please contact Carolann Saggese.
The university implemented an internal lease (loan) program for departments to purchase equipment and to pay for the equipment in installments. This program was established to assist departments in purchasing equipment instead of entering into expensive external lease agreements.
|Interest rate||6.0% for FY 2019 and 5.0% for FY 2020 and future years.|
|Repayment period||Repayment period is based on the life of the asset and the amount of funds borrowed. See University Policy 3.9, Capital Assets, Appendix A.|
|Procedures||Please use the form above. If you have any questions or recommendations, please contact Carolann Saggese, Director, Debt (607) 254-1591.
Note: A unit representative with external transaction authority for the dollar amount of the purchase is required to sign the lease agreement.