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doc14044 Debt_Management_Policy.pdf
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Page 1
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"text": "Policies and Regulations",
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"text": "POLICY TITLE:\nDebt Management"
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"text": "APPLIES TO:\nAll Divisions and Departments"
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"text": "EFFECTIVE DATE:\nAugust 8, 2025"
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"text": "NEXT REVIEW DATE:\nAugust 8, 2028"
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"text": "This policy provides a disciplined framework for the strategic use of debt to finance capital investments that support the mission of Kentucky State University (KSU). To protect the long-term financial health and credit rating of the university, debt is managed prudently, and its use is limited to mission-critical projects after a thorough evaluation of all available funding sources and financing strategies."
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"text": "A long-term investment project to build, improve, or maintain a capital asset, such as facilities and infrastructure."
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"text": "Debt Capacity",
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Page 2
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"text": "A committee responsible for reviewing KSU's debt capacity and recommending projects for debt financing. It consists of the Chief Financial Officer (CFO), Director of Capital Planning and Facilities Management, Provost, and General Counsel."
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"text": "The Debt Management Committee will meet regularly to review KSU's debt capacity and present recommendations to the President for projects to be funded with debt."
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"text": "The President and the KSU Board of Regents must approve all debt financing."
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Page 3
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"text": "To maintain an acceptable credit rating, KSU will maintain ongoing communication with rating agencies regarding its credit structure and financial performance."
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"text": "Subject\nPolicy Questions",
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"text": "Office\nCFO/Vice President of Fin. & Admin.",
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"text": "Telephone\n(502) 597-6429",
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"text": "Revision Type\nIssued (New Policy)\nSubstantive Revisions",
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"text": "Date of Issuance/Revision\nAugust 2024\nJune 2025",
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"text": "Drafter(s)/Editor(s)\nYPTC\nZach Atwell",
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