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Pacific Lutheran University
12180 Park Street South,
Tacoma, WA 98447
www.plu.edu
Pacific Lutheran University offers more than 3,600 students a unique
blend of academically rigorous liberal arts and professional programs
that prepare them for a lifetime of success, both in careers and in
service to others. The University offers a full range of liberal arts
academic programs, including psychology, history and the natural
sciences, along with professional study in business, education, nursing,
social work and physical education. The University offers master’s
degrees in five fields.
The
University is committed to developing in all students an understanding
of the intercultural and intellectual richness of the world. More than
40 percent of students spend time studying abroad.
The
University was founded in 1890 by Scandinavian immigrants. Throughout
its history the University has been affiliated with the Lutheran church
and is now a university of the Evangelical Lutheran Church in America.
 The
University issued two series of bonds through the Authority in 1996 and
1999. Those bonds were refunded in 2006 and a third series issued in
December 2006.
Proceeds of the 1996 bond issue were used to complete the Mary Baker
Russell Music Center, to renovate a number of University buildings, and
to refinance the outstanding 1990 bonds of the University. The 1996
bonds were insured by AMBAC. They were to mature annually with a final
maturity of November 1, 2026. The 1999 bonds were issued in an amount
of $13 million to fund construction of a 230-bed, apartment style
residence hall on the University campus. These bonds paid principal
annually and had a final maturity of November 1, 2029. The 1999 bonds
were insured by Radian Asset Assurance, Inc.
In
addition to refunding previous bonds, the 2006 series financed a number
of capital projects on its campus including residence hall improvements,
security and utility improvements, and renovation of the University
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