Southeast Board of Regents approves $58M bond issue

By Heartland News

CAPE GIRARDEAU, MO (KFVS) - Wednesday the Southeast Missouri State University Board of Regents approved a funding plan for over $58 million in campus improvements.  The Board of Regents plans to use bonds to fund the construction.  The Board of Regents also approved a gradual increase of student fees to pay off the bonds.

The bond issue will fund improvements to Academic and Magill Halls as well as deferred maintenance and conversion of the campus power plant to natural gas.

The general fee increase will be phased in until it reaches $5 per credit hour in 2014.  The increase in fees will be used to pay off the bonds.  The fee increase, endorsed by the Student Government Association, will be dedicated to maintenance and renovation of academic facilities.

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