UIHistories Project: A History of the University of Illinois by Kalev Leetaru
N A V I G A T I O N D I G I T A L L I B R A R Y
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Repository: UIHistories Project: Booklet - Future of Student Housing (1956) [PAGE 14]

Caption: Booklet - Future of Student Housing (1956)
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Financing the program

sched

of entire net estimated inconn I

retire the maximum amount of bonds each year. To provide coverage for bondholders, maturity schedules will be longer, and potential interest costs and f i to be < withheld will be higher. Under the proposed schedule a certain amount of University action will precede final budgetary approval. It is expected that such action will taken in consultation with State 1 islativc and administrative authoriti and th « am Summary of Cost $15,181,750 36,800,000 $51,981,750

Total estimated interest cost Total estimated construction cost Total interest and construction cost Sources of Funds Amount provided from tuition Amount provided from operations Total

SCHEDULE OF TUITION AND FEES REQUIRED APPROPRIATION TO OFFSET TUITION PLEDGED 1957-59: INCREASE OVER PRECEDING BIENNIUM

$22,274,500 29,707,250 $51,981,750

TOTAL INCREASE SINCE 1955-57

Program already approved by Bud tary Commission NetL Program Total I 7- '

1959-61 1961-63 1963-65 1965-67 1967-69 1969-71 1971 73 1973-75 1975-7/ 1977-79 19/9 81 198183 1903-85 ...

$250,000 378,250 (628,250)

701,000 739,250 55,500 - 0 - 0 - 0 - 0 - 0 - 0 378,250 . -701,000 -454,750 590,000 TUI1ION PlIDGED

$ 250,000 378,250 (628,250)

1,329,250 2,068,500 2,1 ;,000 2,1 ',000 2,124,000 2,124,000 2,124.000 2 1M.000 2 1M 000 1,74' 0 100 - 0 $;: N.500

TOTAl APPROPRIA1ION5 TO O H M !