I understand that the lease certificate funds can’t be used for another purpose, but they represent D65 borrowing capacity (ie debt) that could have been leveraged for another purpose by another means and in any case will have to be repaid with real dollars. It’s not like this is a gift that we can only use for one thing and it’s “use it or lose it”. They are positioning it that way to say that we are pot-committed to the new school.
Dec 18, 2024
at
1:23 AM
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