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Jul 16, 2019
8:42:15am
Scratch All-American
Bonds are basically private loans through a government institution. So in this
case, the state allows the athletic department to sell bonds to private investors, and then the athletic department pays back those bonds plus interest. The interest rate is very low because the investment is backed by the state institution and is completely safe. So it’s just basically allowing the athletic department to borrow money from private investors. No money is coming from the state.
Scratch
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Scratch
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