"While true that OU's indebtedness is large, it is bonded indebtedness for physical facilities," Boren said Wednesday.
"Bonds are used very carefully to finance facilities that are needed for our core mission and to avoid deferred maintenance on aging facilities. Private gifts have been raised to cover a substantial part of the cost of these projects," he said.
"OU's required annual debt service payments represent only approximately 6 percent of its total operating revenue. Neither its total debt outstanding nor its underlying funding sources are unusual."
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