In some states HOWEVER, there is a hidden issue borrowing
Many of these public institutions borrowed alot to build all types of athletic complexes. While their borowing was through the athletic organization, the bonds (to get the best rates), were issued with the backing of the state. So if the non profit profits default, the bonds will be backed on the states, who are already struggling .
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In response to this post by KeithHokie89)
Posted: 07/08/2020 at 9:00PM