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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>We have been asked to document the “reimbursement
resolutions” that are required for bond proceed reimbursements on
projects that are on the current capital bond project listing that have been
completed or will be completed prior to the receipt of bond proceeds. The
reimbursement language should be approved by each of the institutional
governing board <u>prior to the expenditures of any funds.</u><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Please let me know the following things by email response:<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>1. Does your institution expect reimbursement for any
completed projects that are on the current listing from potential bond
proceeds? Please send a response listing those projects.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>2. Do you have a documented reimbursement resolution on
file with governing board approval that would be dated prior to expenditures of
funds expected to be reimbursed by bond funds for each of the listed projects?<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>This is very important and should be address very quickly,
as we may need to substitute projects and bill language to avoid forfeiture of
bond proceeds. Please let me know as soon as possible the situation at each of
your institutions. Thanks.<o:p></o:p></span></font></p>
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