Sec. 4-1402 Structure and Maturity
Sec. 4-1402. Structure and Maturity

Debt maturities will be managed to provide an appropriate balance between the life of the asset and the management of debt service in the institutional operating budgets. New debt for the institution will be of a term to meet the financial needs of the project, up to a maximum of 25 years.

Bond covenants will be structured to include call features that will provide the highest degree of flexibility while balancing that with market requirements.