(Disclosure: Rose Law Group represents Central Arizona College.)
By Erica Little | Pinal Central
Central Arizona College’s Governing Board approved a bond resolution on Jan. 20 to help fund its new Cultural and Performing Arts Center and refinance existing debt at lower interest rates.
The college will offer up to $30 million in revenue bonds, with about $13 million designated for the new center at CAC’s Signal Peak Campus and about $17 million for refinancing outstanding 2017 revenue bonds. Final figures could change before the bonds are issued, which is expected in July.
The bonds will be issued by the college district and will not involve taxpayer funds, so public voter approval is not required. However, the project must be presented to the Arizona Legislature’s Joint Committee on Capital Review.
