Student radio stations are learning platforms for aspiring broadcasters and media professionals. They offer practical training and hands-on experience in radio production, programming, and broadcasting. Many educational institutions with student radio stations integrate these stations into their curriculum, providing students with the opportunity to apply theoretical knowledge in a real-world broadcasting setting.
In the November 2022 elections, a significant number of school bond referenda were presented to voters across the United States. For example, in Wisconsin alone, there were 57 successful capital referenda amounting to nearly $2.1 billion in authorized debt (Wisconsin Policy Forum)
In Texas, Central Texas schools had a total of $4.24 billion in bonds on the ballot, covering various propositions for school facilities, technology improvements, and athletic facilities (Fox 7 Austin)
In California and Arkansas, bond measures totaling $74 million — including school choice — were aimed at addressing school facility improvements (The74Million)
Voters in 16 North Carolina counties approved bond issues totaling $4.27 billion, with $3.08 billion dedicated to K-12 public school construction and improvements (EducationNC)
“The cure for high prices, is high prices” — They say.
Today we explore fiscal runaway in the US education “industry” with particular interest in the financing instruments for building the real assets that are the beating heart of culture in neighborhoods, cities, counties and states. We steer clear of social and political issues. The marketing of these projects — and how the loans are paid off — provides insight into the costs and benefits of this $100+ billion industry; the largest non-residential building construction market in the United States.
We cannot do much to stop the hyperbolically rising cost of administrative functionaries but we can force the incumbents we describe in our ABOUT to work a little harder to reduce un-used (or un-useable) space and reduce maintenance cost. Sometimes simple questions result in obvious answers that result in significant savings.
More recently hybrid teaching and learning space, owing the the circumstances of the pandemic, opens new possibilities for placing downward pressure on cost.
After Architect-Engineers and Building Construction Contractors (many of whom finance election advocacy enterprises) the following organizations are involved in placing a bond on the open market:
School Districts: Individual school districts issue bonds to fund construction or renovation of school facilities, purchase equipment, or cover other educational expenses. Each school district is responsible for managing its own bond issuances.
Colleges and Universities: Higher education institutions, such as universities and colleges, issue bonds to finance campus expansions, construction of new academic buildings, dormitories, research facilities, and other capital projects.
State-Level Agencies: Many states have agencies responsible for overseeing and coordinating bond issuances for schools and universities. These agencies may facilitate bond sales, help ensure compliance with state regulations, and provide financial assistance to educational institutions.
Municipal Finance Authorities: Municipal finance authorities at the state or local level often play a role in facilitating bond transactions for educational entities. They may act as intermediaries in the bond issuance process.
Investment Banks and Underwriters: Investment banks and underwriters assist educational institutions in structuring and selling their bonds to investors. They help determine bond terms, market the bonds, and manage the offering.
Bond Counsel: Bond counsel, typically law firms, provide legal advice to educational institutions on bond issuances. They help ensure that the bond issuance complies with all legal requirements and regulations.
Rating Agencies: Rating agencies, such as Moody’s, Standard & Poor’s, and Fitch Ratings, assess the creditworthiness of the bonds and assign credit ratings. These ratings influence the interest rates at which the bonds can be issued.
Investors: Various institutional and individual investors, including mutual funds, pension funds, and individual bond buyers, purchase school and university bonds as part of their investment portfolios.
Financial Advisors: Financial advisory firms provide guidance to educational institutions on bond issuances, helping them make informed financial decisions related to borrowing and debt management.
Regulatory Authorities: Federal and state regulatory authorities, such as the U.S. Securities and Exchange Commission (SEC) and state-specific agencies, oversee and regulate the issuance of bonds to ensure compliance with securities laws and financial regulations.
These organizations collectively contribute to the process of issuing, selling, and managing school and university bonds in the United States, allowing educational institutions to raise the necessary funds for their capital projects and operations. The specific entities involved may vary depending on the size and location of the educational institution and the nature of the bond issuance.
Giovanni Paolo Panini, An architectural capriccio with figures among Roman ruins
The post-pandemic #WiseCampus transformation requires significant capital to meet the sustainability goals of its leadership. Campuses are cities-within-cities and are, to a fair degree, financed in a similar fashion. Tax-free bonds are an effective instrument for school districts, colleges and universities — and the host community in which they are nested — for raising capital for infrastructure projects while also providing investors with, say $10,000 to $100,000, to allocate toward a tax-free dividend income stream that produces a return in the range of 2 to 8 percent annually.
An aging population may be receptive to investment opportunities that protect their retirement savings from taxation.
Once a month, we walk through the prospectuses of one or two bond offerings of school districts, colleges and universities and examine offering specifics regarding infrastructure construction, operations and maintenance. We pay particular attention to details regarding “continuing operations”. Somehow the education industry has to pay for its green agenda. See our CALENDAR for the next Finance colloquium; open to everyone.
The interactive map provided by Electronic Municipal Market Access identifies state-by-state listings of tax-free bonds that contribute to the construction and operation of education facilities; some of which involved university-affiliated medical research and healthcare delivery enterprises.
CLICK ON IMAGE FOR INTERACTIVE MAP
If you need help cutting through this list please feel free to click in any day at 11 AM Eastern time. Use the login credentials at the upper right of our hope page. We collaborate with subject matter experts at Municipal Analytics and UBS.
*We see the pandemic as a driver for a step-reduction in cost in all dimensions of education communities. We coined the term with a hashtag about two years ago.
*College and university infrastructure projects are classified with public school districts under the rubric “municipal bonds” at the moment. CLICK HERE for more information.
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Professor Karl Siebert, who teaches FDSC 4300, The Science and Technology of Beer, demonstrates how to properly pour a beer and discusses the sensory experience of beer appreciation. In a recent study, Siebert identified the key component in a ‘perfect’ head of beer: a barley protein known as Lipid Transport Protein 1 or LPT1.
We were doing microgrids before microgrids were cool. We did not call our school boiler plants or campus district energy systems “microgrids” until the EPACT flooded the electrical power industry with a new cadre of policy makers, regulators and litigators and we were forced into a vocabulary upgrade.
We resume our engagement (and advocacy) for a few concepts which have tracked in the NFPA and IEEE standards development catalogs since the early 1990’s:
Nudge development of the National Electrical Code to recognize that loss of electrical power presents (i.e. reliability, availability) a greater hazard, and more frequent hazard, than wiring fire hazard.
The application of stand-alone AC to DC inverters in the 100 – 1000 watt range to convert DC power from an automobile to households. A portable vehicle to home 120 VAC outlet strip is effectively a “microgrid” and costs less than $100 not including the extension cords.
Expansion of the hybrid vehicle fittings with a built-in inverter to provide power to households in the 1000-2000 watt range. In contemporary parlance this arrangement is now referred to as “vehicle to home” (different than vehicle to grid)
Relaxation of NEC prohibitions against the sharing of residential backup generators and electric storage equipment between two or more separate houses. This can reduce cost significantly. Earthing, ground fault, disconnect, overcurrent protection can easily be solved if the vertical incumbents we describe in our ABOUT stop voting against us in the National Electrical Code
Stepping up the backup power systems that maintain the needed power for neighborhood internet access. Not all students and faculty live on campus.
Policy makers and regulators should think in terms of setting standards for 10-day, 30-day and 90-day survivability contingencies to limit civil unrest.
Preservation of contingencies with a judicious combination of absorption and electric chillers no matter what the electric rate. During a major regional contingency power is priceless.
Promote a “cultural change” among specifiers and university design guideline writers to permit use of aluminum wiring which cost 1/3 less than copper wiring. Use of aluminum wiring for backup “swing feeders” at medium voltage reduces the cost of an additional contingency by 2/3rds.
Reduce National Electrical Code circuit sizing rules so that distribution transformers within buildings can be reduced, thereby reducing material, heat waste and the reduction of wet-stacking in backup generators which reduces reliability.
This should be enough for an hour. We continue the conversation 4 times monthly with the IEEE Education & Healthcare Facilities Committee. Feel free to join us today with the login credentials at the upper right of our home page.
Mark your calendar for the Microgrid Knowledge Conference session, “Benefits of an Off-grid Microgrid-enabled Community”. This panel will describe the residential site, microgrid, fit to the city’s sustainability goals, and benefits & challenges of going off-grid. Register now! pic.twitter.com/hsAKrERIkj
Abstract: Increasing distributed topology design implementations, uncertainties due to solar photovoltaic systems generation intermittencies, and decreasing battery costs, have shifted the direction towards integration of battery energy storage systems (BESSs) with photovoltaic systems to form renewable microgrids (MGs). Specific benefits include, but are not limited to, seamless switching and islanding operations during outages and ancillary grid services. The evolution of battery chemistries and other components has also further enhanced practicality; however, developing these multifaceted MGs involves complexity in the design process. Consequently, stakeholders rely on connection standards and operational requirements to guarantee reliable and safe grid-connected operations.
This paper presents a technical overview of battery system architecture variations, benchmark requirements, integration challenges, guidelines for BESS design and interconnection, grid codes and standards, power conversion topologies, and operational grid services. In addition, a comprehensive review of the control strategies for battery equalization, energy management systems, communication, control of multiple BESSs, as well as a discussion on protection blinding and intentional islanding using BESSs is also provided. Finally, a discussion of the islanded and black start operation results for time-based analysis and standard validation of a 3MW/9MWh BESS in a grid-connected MG at the Florida International University (FIU) Engineering Campus is presented.
“I have no special talent. I am only passionately curious” — Albert Einstein
Early 20th-century fresco depicting guilds in the 13th-century New Tower of Sélestat
Standards are the seed corn for compliance revenue; hence the hegemony of conformance and enforcement enterprises that dominate the global standards system.
Accreditation is a relatively recent breakout topic so we approach it gently; respectful of the business models of the hundreds of education community charitable associations involved in the safety and sustainability of the physical spaces of education communities.
Later in 2024 we will sort through other issues in the credentialing domain:
Accreditation 200: Recent innovations in credentialing
Q. There are about 150 hospitals in the USA with the word “university” in their name. Are they tax-exempt? Should they be? A. Whether a hospital with “university” in its name is tax-exempt depends on various factors, including its ownership, structure, and purpose. Non-profit hospitals, including those affiliated with universities, may qualify for tax-exempt status under certain conditions. However, the mere presence of “university” in the name does not automatically confer tax-exempt status. Tax-exempt status, the hospital’s activities, such as providing charity care, medical education, and research, are typically considered.
Accreditation 300: Requirements for baccalaureate, masters and doctoral degrees
Accreditation 400: Advanced Topics
Open to everyone. Use the login credentials at the top of our home page.
Accreditation and certification are relatively modern concepts that have evolved over time as formalized methods of establishing and maintaining standards in various fields. The concept of accreditation or certification, as it is understood today, may not have existed in the same form in the distant past. However, there were likely individuals or groups who played roles similar to that of accreditation or certification specialists in history, although the formalized systems of accreditation or certification that exist today were not present.
For example, in ancient times, there were guilds and associations in various professions that set standards for their members, oversaw training and apprenticeship programs, and ensured the quality of their work. These guilds and associations, which existed in various civilizations such as ancient Egypt, Greece, and Rome, could be seen as early forms of accreditation or certification bodies.
Similarly, in religious contexts, there were individuals who held authority to certify or accredit others. For instance, in medieval Europe, there were religious orders, such as the Knights Templar, who were known for their specialized skills and were often called upon to certify the expertise of others in their areas of knowledge, such as architecture or finance.
In the field of education, ancient universities and centers of learning, such as the ancient Indian Nalanda University or the Islamic madrasas, could also be seen as early forms of accreditation or certification bodies, where scholars were recognized and certified based on their knowledge and expertise.
However, it’s important to note that the formalized systems of accreditation or certification that we are familiar with today, with standardized processes, documentation, and oversight, have developed over time and are relatively modern phenomena. The history of accreditation or certification is complex and multifaceted, with various practices and traditions that have evolved and influenced the modern systems we have today.
New update alert! The 2022 update to the Trademark Assignment Dataset is now available online. Find 1.29 million trademark assignments, involving 2.28 million unique trademark properties issued by the USPTO between March 1952 and January 2023: https://t.co/njrDAbSpwBpic.twitter.com/GkAXrHoQ9T
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