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APPLICATION FOR PRIVATE INSTITUTIONS OF HIGHER EDUCATION

By Cynthia Anderson,2014-09-09 19:31
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APPLICATION FOR PRIVATE INSTITUTIONS OF HIGHER EDUCATION

    VIRGINIA COLLEGE BUILDING AUTHORITY

    APPLICATION FOR FINANCING

    FOR

    PRIVATE INSTITUTIONS OF

    HIGHER EDUCATION

    (Revised June 2004)

    VIRGINIA COLLEGE BUILDING AUTHORITY

    APPLICATION FOR FINANCING

    FOR

    PRIVATE INSTITUTIONS OF HIGHER EDUCATION

    INDEX

PURPOSE ...................................................................................................... 3

PART I

    A. GENERAL INFORMATION ...................................................... 5

     B. PROJECT INFORMATION ........................................................ 7

    C. PROJECT FINANCING ............................................................. 8

PART II

     D. SUPPLEMENTAL INFORMATION ........................................ 11

     SCHEDULE A SCHEDULE OF ENROLLMENT ........................ 12

     SCHEDULE B SCHEDULE OF APPLICATIONS ....................... 13

     SCHEDULE C SCHEDULE OF TUITION AND FEES ................ 14

     SCHEDULE D BUDGET PROJECTION ...................................... 15

     SCHEDULE E OUTSTANDING DEBT ....................................... 16

     SCHEDULE F FINANCIAL RATIOS .......................................... 17

     SCHEDULE G PRELIMINARY FINANCING SUMMARY ........ 19

APPENDICES

     VCBA STATEMENT OF POLICY AND PROCEDURES ............... 21

     CHAPTER 3.3 OF TITLE 23 OF THE CODE OF VIRGINIA .......... 26

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    VIRGINIA COLLEGE BUILDING AUTHORITY

    APPLICATION FOR FINANCING

    FOR

    PRIVATE INSTITUTIONS OF HIGHER EDUCATION

    PURPOSE

    This application should be used by Virginia private institutions of higher education wishing to obtain financing through the Virginia College Building Authority (the “VCBA”) pursuant to Chapter 3.3 of Title 23 of the Code of Virginia, ??23-30.39 through 23-30.58, the “Educational

    Facilities Authority Act.” Please refer to the Appendices for a review of statutes and VCBA

    Policy and Procedures regarding private institution financing. The application should be completed as described below.

    The application is to be submitted in two parts. Part I of the application should be submitted when the institution first informs the VCBA of its interest in issuing debt though the VCBA. Part II of the application, along with an updated Part I, should be submitted at least two weeks prior to the date when the VCBA is requested to take formal action on the proposed financing.

    Information should be placed directly on the application where possible. Additional pages may be used to supplement the application where descriptive language is required to complete a specific question. If additional pages are required, they should be attached directly behind the page to which they refer and should be appropriately referenced to the question being addressed. Two copies of all materials requested in the application should be submitted except for: (1) prior years’ financial statements and (2) the current five year capital plan. (One copy of these will be sufficient.) Questions regarding this application can be addressed to the VCBA Debt Manager, Department of the Treasury, Division of Debt Management at: (804) 786-2082.

The completed application should be delivered to the:

    Virginia College Building Authority

    c/o Department of the Treasury

    James Monroe Building, Third Floor th101 North 14 Street

    Richmond, Virginia 23219

    Attention: VCBA Debt Manager

Or, you may Mail the completed application to:

    Virginia College Building Authority

    Department of the Treasury

    P.O. Box 1879

    Richmond, Virginia 23218-1879

    Attention: VCBA Debt Manager

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    PART I

    VIRGINIA COLLEGE BUILDING AUTHORITY

    APPLICATION FOR FINANCING

    of

    for

    DATE:

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    PART I

    A. GENERAL INFORMATION

1. Name of Institution

2. Address U.S. Mail

    3. Address Federal Express Delivery

    4. Contact person at the institution

    Name:

    Title:

    Phone: Fax:

    Email:

     Alternate contact person at the institution

    Name:

    Title:

    Phone: Fax:

    Email:

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