Debt Service Obligations
Grand Valley State University
Debt Service Obligations as of June 30, 2026
|
Debt Service Obligation |
Detailed by Project |
Total |
Anticipated |
Outstanding |
|---|---|---|---|---|
|
General Revenue Refunding Variable Rate Demand Bonds, Series 2008B |
Refunding and extinguishment of previous bonds |
16,795,000 |
2,520,000 |
14,275,000 |
|
General Revenue Bonds, Series 2014A |
Construction of a classroom and laboratory building, a building for the relocation of the University's bookstore and printing activities and an addition to Au Sable Hall. |
23,780,000 |
1,670,000 |
22,110,000 |
|
General Revenue Refunding Bonds, Series 2016A |
Refunding of previous bonds |
41,130,000 |
4,385,000 |
36,745,000 |
|
General Revenue Bonds, Series 2017 |
Construction of an academic building and refunding of previous bonds |
3,250,000 |
0 |
3,250,000 |
|
General Revenue Bonds, Series 2018 |
Construction of an academic building and related parking structure |
34,115,000 |
1,625,000 |
32,490,000 |
|
General Revenue Bonds, Series 2024A |
Refunding of previous bonds |
34,160,000 |
4,745,000 |
29,415,000 |
|
General Revenue Bonds, Series 2025A |
Refunding of previous bonds |
16,880,000 |
1,335,000 |
15,545,000 |
|
Total |
$170,110,000 |
$16,280,000 |
$153,830,000 |
For further details, please see the annual financial reports.