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Materials-for-the-Board-of-Trustees-Special-Meeting-on-December-17-2020-1.pdf

🔗 Source: bot.ucf.edu

📊 Size: 908 KB

📄 Pages: 16 pages

⬇️ Downloads: 39

Summary

The University of Central Florida (UCF) Board of Trustees held a special meeting on December 17, 2020, to discuss several items, including a request from the UCF Athletics Association (UCFAA) to defer loan payments to the university for the 2020-21 and 2021-22 fiscal years. The UCFAA has an outstanding loan balance of $5,198,889, which is due by June 30, 2025, and is requesting a two-year deferral due to a $4.1 million shortfall caused by COVID-19-related expenses and lost revenue. The board was asked to approve the deferral, which would extend the repayment schedule by two years and result in approximately $360,000 in accrued interest.

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Description

The University of Central Florida (UCF) Board of Trustees held a special meeting on December 17, 2020, to discuss several items, including a request from the...

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File Format: PDF
File Size: 908 KB
Pages: 16
Language: EN
Total Downloads: 39
Last Updated: 3 months ago

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