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Massachusetts State College Building Authority Provides Over $80.9 million in Debt Service Relief for Nine College Campuses for Fiscal Years 2021 and 2022

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July 31, 2020

Press Release

On July 1, 2020, the Massachusetts State College Building Authority (MSCBA) closed its largest ever bond transaction which provided debt service relief to each of its nine State Universities for Fiscal Year 2021 and Fiscal Year 2022 while also achieving overall economic savings.   The debt restructuring was designed to assist the State Universities with navigating the financial challenges brought on by the COVID-19 pandemic.