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UH's plan to finance repairs is panned

Repaying bonds with tuition creates debt and burdens future students, officials say

By Nanea Kalani

POSTED: 01:30 a.m. HST, Dec 21, 2013

~~<p>The chairmen of the state House and Senate committees on higher education say they will not support the University of Hawaii's plan to use tuition-backed revenue bonds to fast-track elimination of a repair and maintenance backlog nearing a half-billion dollars.</p>
<p>The university's budget request to the governor and lawmakers seeks authority to issue revenue bonds to tackle the maintenance backlog over a period of six years, beginning in July. UH proposes repaying the bond debt with tuition over the next 30 years.</p>
~~

The chairmen of the state House and Senate committees on higher education say they will not support the University of Hawaii's plan to use tuition-backed revenue bonds to fast-track elimination of a repair and maintenance backlog nearing a half-billion dollars.

The university's budget request to the governor and lawmakers seeks authority to issue revenue bonds to tackle the maintenance backlog over a period of six years, beginning in July. UH proposes repaying the bond debt with tuition over the next 30 years. Login for more...



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