ITEM 107-1006-R0500 Classroom/Laboratory Renovations, Series C 1995 and Series
D 1996 Facilities Improvement and Refunding Revenue Bonds; The University of
Montana
THAT:
The Board of Regents of the Montana
University System authorizes The University of Montana to deliver to the
Trustee for the Series C 1995 and Series D 1996 Facilities Improvement and
Refunding Revenue Bonds of The University of Montana a Certificate of
Completion for the Classroom/Laboratory Renovations - All Campuses project.
EXPLANATION: Section
5.01(c) of the Indenture of Trust for the Series C 1995 and Series D 1996
Facilities Improvement and Refunding Revenue Bonds provides that, within 90
days after the completion of each project, The University of Montana, on behalf
of the Board of Regents, shall deliver a Certificate of Completion to the
Trustee. The Certificate must state
that the project has been fully completed in accordance with the plans and
specifications and that the project has been fully paid for and no claim or
claims exist against the Board.
ATTACHMENT: Draft of the Certificate
which will be executed upon approval of the Board of Regents.