University funds sustainability projects
CHAPEL HILL, NC — University of North Carolina at Chapel Hill officials are set to spend a hefty amount from a reserve fund to improve sustainability and save money, according to The Daily Tar Heel.
The university plans to use their cash management pool to fund projects that would enhance the sustainability of the campus, the article stated.
According to the article, despite the initial cost, the improved facilities would end up saving the university money in the long run, offsetting most of the costs.
"Essentially, we’re going to borrow money and then pay it back, but we won''t need to do that because the money will repay itself," said Dick Mann, vice chancellor for finance and administration.
The funds can go to any number of energy conservation projects, including those from deferred maintenance projects, the article noted.
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