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OC 489/2012 - University of Saskatchewan ($94,760,000) and University of Regina ($5,387,000) – Borrowing for Sustaining Capital (2012-2013 Fiscal Year) (Minister of Advanced Education)
Description:

Title: University of Saskatchewan ($94,760,000) and University of Regina ($5,387,000) – Borrowing for Sustaining Capital (2012-2013 Fiscal Year)

Minister: Minister of Advanced Education

Summary: Orders that:

1) The University of Saskatchewan is approved to borrow an amount not to exceed $94,760,000, for the period April 1, 2012 to March 31, 2013, through the issue and sale of securities for the purpose of financing a portion of sustaining capital, three deferred maintenance projects, capital construction of the Health Sciences Project, and to sell any securities the University has issued on such terms, conditions and prices as the Board of Governors of the University of Saskatchewan considers advisable; and

2) The University of Regina is approved to borrow an amount not to exceed $5,387,000, for the period April 1, 2012 to March 31, 2013, through the issue and sale of securities for the purpose of financing a portion of sustaining capital and to sell any securities the University has issued on such terms, conditions and prices as the Board of Governors of the University of Regina considers advisable.

See: The University of Saskatchewan Act, 1995, section 95
The University of Regina Act, section 71





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