Affiliates

ºÚÁÏÍø³Ô¹Ï±¬ÁÏFinancing Corporation and ºÚÁÏÍø³Ô¹Ï±¬ÁÏProperty Corporation

Mission

The ºÚÁÏÍø³Ô¹Ï±¬ÁÏFinancing Corporation, a direct-support organization (DSO), is the University's financing arm and is expected to provide attractive long-term financing for the University's major capital projects. The ºÚÁÏÍø³Ô¹Ï±¬ÁÏProperty Corporation is a separate, legal entity and acts in tandem with the ºÚÁÏÍø³Ô¹Ï±¬ÁÏFinancing Corporation for lease purchase financing transactions. The sole member of the ºÚÁÏÍø³Ô¹Ï±¬ÁÏProperty Corporation is the ºÚÁÏÍø³Ô¹Ï±¬ÁÏFinancing Corporation.

Governance

The ºÚÁÏÍø³Ô¹Ï±¬ÁÏFinancing Corporation and ºÚÁÏÍø³Ô¹Ï±¬ÁÏProperty Corporation share a common Board of Directors. The working Board consists of at least five but no more than seven members, including the University President, University COO and five independent members. The Board also includes two ºÚÁÏÍø³Ô¹Ï±¬ÁÏregional campus representatives. The Board is comprised of finance, legal, accounting and audit professionals.

Meetings

An annual meeting of the Board of Directors is held at 3:00 p.m. on the first Tuesday of November of each year, unless another date and time are agreed upon by the Board. Special meetings may be called by the Board Chair or Secretary. The Secretary keeps full and accurate minutes for all meetings of the Board of Directors.

Financial Statements and Reports

The ºÚÁÏÍø³Ô¹Ï±¬ÁÏFinancing Corporation and ºÚÁÏÍø³Ô¹Ï±¬ÁÏProperty Corporation financial statements are prepared on a consolidated basis due to the Financing Corporation’s ongoing economic interest in the Property Corporation and its ability to control the activities of the Property Corporation through common members of the Boards of Directors.