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            "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2023",
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            "text": "NOTE 7 LONG-TERM LIABILITIES",
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                },
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                    "id": "p40.4.45",
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                    "bbox": {
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                        "t": 518.5895,
                        "r": 329.76,
                        "b": 506.9305
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                    "text": "-",
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                        "colspan": 1
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                },
                {
                    "id": "p40.4.46",
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                    "bbox": {
                        "l": 388.299216,
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                    "text": "567,642",
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                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
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                },
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                    "bbox": {
                        "l": 446.592301,
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                    "text": "7,739,086",
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                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1,
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                    "bbox": {
                        "l": 517.576129,
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                    "text": "577,682",
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                        "col": 5,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
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                        "r": 181.76,
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                        "col": 0,
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                        "colspan": 1
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                        "colspan": 1
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                        "col": 3,
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                        "colspan": 1
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                },
                {
                    "id": "p40.4.53",
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                    "type": "table_cell",
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                    "text": "",
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                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1
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                },
                {
                    "id": "p40.4.54",
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                    "type": "table_cell",
                    "bbox": {
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                        "t": 506.9305,
                        "r": 551.76,
                        "b": 495.2716
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                    "text": "",
                    "attrs": {
                        "row": 8,
                        "col": 5,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p40.4.55",
                    "order": 59,
                    "type": "table_cell",
                    "bbox": {
                        "l": 110.041501,
                        "t": 487.314718,
                        "r": 207.271172,
                        "b": 478.960677
                    },
                    "text": "HB 250 Stabilization Funding",
                    "attrs": {
                        "row": 9,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.56",
                    "order": 60,
                    "type": "table_cell",
                    "bbox": {
                        "l": 248.458689,
                        "t": 487.314718,
                        "r": 286.213538,
                        "b": 478.960677
                    },
                    "text": "23,000,000",
                    "attrs": {
                        "row": 9,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.57",
                    "order": 61,
                    "type": "table_cell",
                    "bbox": {
                        "l": 255.76,
                        "t": 495.2716,
                        "r": 329.76,
                        "b": 483.6126
                    },
                    "text": "-",
                    "attrs": {
                        "row": 9,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p40.4.58",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 329.76,
                        "t": 495.2716,
                        "r": 403.76,
                        "b": 483.6126
                    },
                    "text": "-",
                    "attrs": {
                        "row": 9,
                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p40.4.59",
                    "order": 63,
                    "type": "table_cell",
                    "bbox": {
                        "l": 442.40332,
                        "t": 487.314718,
                        "r": 480.18593,
                        "b": 478.960677
                    },
                    "text": "23,000,000",
                    "attrs": {
                        "row": 9,
                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.60",
                    "order": 64,
                    "type": "table_cell",
                    "bbox": {
                        "l": 477.76,
                        "t": 495.2716,
                        "r": 551.76,
                        "b": 483.6126
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                    "text": "-",
                    "attrs": {
                        "row": 9,
                        "col": 5,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p40.4.61",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 126.602343,
                        "t": 476.935046,
                        "r": 215.499072,
                        "b": 468.581005
                    },
                    "text": "Total Long-Term Liabilities",
                    "attrs": {
                        "row": 10,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.62",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 248.467693,
                        "t": 476.935046,
                        "r": 286.209036,
                        "b": 468.581005
                    },
                    "text": "80,496,728",
                    "attrs": {
                        "row": 10,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
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                        "t": 483.6126,
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                        "b": 471.9537
                    },
                    "text": "-",
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                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p40.4.64",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 388.300717,
                        "t": 476.935046,
                        "r": 415.524965,
                        "b": 468.581005
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                    "text": "567,642",
                    "attrs": {
                        "row": 10,
                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
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                },
                {
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                    "bbox": {
                        "l": 442.394316,
                        "t": 476.935046,
                        "r": 480.188932,
                        "b": 468.581005
                    },
                    "text": "79,929,086",
                    "attrs": {
                        "row": 10,
                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.66",
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                    "bbox": {
                        "l": 517.565624,
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                        "r": 544.803378,
                        "b": 468.581005
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                    "text": "577,682",
                    "attrs": {
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                        "col": 5,
                        "rowspan": 1,
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                        "bbox_refit": true
                    }
                },
                {
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                    "type": "table_cell",
                    "bbox": {
                        "l": 110.043001,
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                        "b": 447.700394
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                    "text": "Total Long-Term Debt\nOther",
                    "attrs": {
                        "row": 11,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
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                        "b": 458.140699
                    },
                    "text": "97,195,851",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
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                        "b": 460.2947
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                        "col": 2,
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                        "colspan": 1
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                },
                {
                    "id": "p40.4.70",
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                    "bbox": {
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                        "r": 415.518212,
                        "b": 458.140699
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                    "text": "1,318,056",
                    "attrs": {
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                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.71",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 442.391315,
                        "t": 466.494741,
                        "r": 480.191933,
                        "b": 458.140699
                    },
                    "text": "95,877,795",
                    "attrs": {
                        "row": 11,
                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.72",
                    "order": 76,
                    "type": "table_cell",
                    "bbox": {
                        "l": 511.270523,
                        "t": 466.494741,
                        "r": 544.812382,
                        "b": 458.140699
                    },
                    "text": "1,823,234",
                    "attrs": {
                        "row": 11,
                        "col": 5,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true
                    }
                },
                {
                    "id": "p40.4.73",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 110.04,
                        "t": 445.674558,
                        "r": 184.774628,
                        "b": 405.399995
                    },
                    "text": "Lease Liabilities\nSubscription Liabilities\nTotal Other\nTotal",
                    "attrs": {
                        "row": 12,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
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                },
                {
                    "id": "p40.4.74",
                    "order": 78,
                    "type": "table_cell",
                    "bbox": {
                        "l": 248.466943,
                        "t": 445.674558,
                        "r": 286.229295,
                        "b": 405.399995
                    },
                    "text": "434,321\n2,142,704\n2,577,025\n$ 99,772,876",
                    "attrs": {
                        "row": 12,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
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                },
                {
                    "id": "p40.4.75",
                    "order": 79,
                    "type": "table_cell",
                    "bbox": {
                        "l": 317.285376,
                        "t": 445.674558,
                        "r": 350.908268,
                        "b": 405.399995
                    },
                    "text": "463,669\n1,539,647\n2,003,316\n$ 2,003,316",
                    "attrs": {
                        "row": 12,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
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                },
                {
                    "id": "p40.4.76",
                    "order": 80,
                    "type": "table_cell",
                    "bbox": {
                        "l": 381.9666,
                        "t": 445.674558,
                        "r": 415.520463,
                        "b": 405.399995
                    },
                    "text": "394,729\n1,021,517\n1,416,246\n$ 2,734,302",
                    "attrs": {
                        "row": 12,
                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
                    }
                },
                {
                    "id": "p40.4.77",
                    "order": 81,
                    "type": "table_cell",
                    "bbox": {
                        "l": 442.383062,
                        "t": 445.674558,
                        "r": 480.198686,
                        "b": 405.399995
                    },
                    "text": "503,261\n2,660,834\n3,164,095\n$ 99,041,890",
                    "attrs": {
                        "row": 12,
                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
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                },
                {
                    "id": "p40.4.78",
                    "order": 82,
                    "type": "table_cell",
                    "bbox": {
                        "l": 511.266022,
                        "t": 445.674558,
                        "r": 544.825887,
                        "b": 405.399995
                    },
                    "text": "416,679\n1,065,215\n1,481,894\n$ 3,305,128",
                    "attrs": {
                        "row": 12,
                        "col": 5,
                        "rowspan": 1,
                        "colspan": 1,
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        },
        {
            "id": "p40.5",
            "order": 83,
            "type": "heading",
            "bbox": {
                "l": 105.12,
                "t": 384,
                "r": 261.84,
                "b": 371.28
            },
            "text": "HB 250 Stabilization Funding",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p40.6",
            "order": 84,
            "type": "text",
            "bbox": {
                "l": 104.16,
                "t": 368.88,
                "r": 560.64,
                "b": 202.08
            },
            "text": "House Bill 250 appropriated $23,000,000 in the year ended June 30, 2022, to the Council on Postsecondary Education (the Council) to address financial instability at the University due to cash shortfalls and a projected financial structural imbalance in connection with the management improvement plan as discussed in Note 17. A portion of the proceeds of this funding was used to retire the $5,000,000 revenue anticipation note outstanding as of June 30, 2021, as well as the University's liability to the state investment pool. The Council provided the stabilization funds to the University contingent on compliance with the management improvement plan. By November 1, 2025, the Council shall make recommendations to the Interim Joint Committee on Appropriations and Revenue for consideration by the General Assembly during the 2026 Regular Session for the terms and schedule for repayment of the funding beginning in fiscal year 2026-2027 based on ongoing monitoring of Kentucky State University's financial status. The repayment of the funding beginning in fiscal year 2027 will be determined at that time."
        },
        {
            "id": "p40.7",
            "order": 85,
            "type": "heading",
            "bbox": {
                "l": 105.84,
                "t": 192,
                "r": 230.64,
                "b": 179.04
            },
            "text": "General Receipt Bonds",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p40.8",
            "order": 86,
            "type": "text",
            "bbox": {
                "l": 104.88,
                "t": 176.4,
                "r": 560.16,
                "b": 136.56
            },
            "text": "I he outstanding General Receipts Bonds Series A Bonds have interest rates from 3.625% - 3.875%. The bonds mature through 2027. The reserve requirements for these issues have been fully funded as of June 30, 2022."
        },
        {
            "id": "p40.9",
            "order": 87,
            "type": "text",
            "bbox": {
                "l": 104.88,
                "t": 125.76,
                "r": 559.68,
                "b": 99.36
            },
            "text": "All bonds are collateralized by University property and the pledge of certain revenues, tuition, and fees."
        },
        {
            "id": "p40.10",
            "order": 88,
            "type": "footer",
            "bbox": {
                "l": 296.88,
                "t": 46.08,
                "r": 315.12,
                "b": 34.56
            },
            "text": "(37)",
            "attrs": {
                "block_label": "number"
            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
}