System Facilities Revenue Bonds Program
Provides generally long-term financing for acquisition, construction, renovation or expansion of various University facilities. The principal and interest of the bonds are payable from, and secured by a first lien on and pledge of, designated revenues of the University鈥檚 revenue-producing system facilities, including campus bookstore receipts, housing and dining charges, hospital and patient services, and parking collections, as well as certain assessed fees, such as recreational facility fees, stadium surcharges, and student activity fees, and a portion of tuition and fees attributable to such facilities (collectively, 鈥淪ystem Facilities Revenues鈥).
The University must continuously operate and maintain the facilities financed by the bonds and maintain sufficient rates and charges for use of such facilities as will allow the University to meet annual debt service requirements. Additionally, System Facilities Revenues, in aggregate, must at all times exceed 200% of the annual debt service requirements for the bonds in any given fiscal year.
| Credit Ratings | |
| Moody's Credit Rating | Standard & Poor's Rating |
| Aa1/Stable outlook for fixed rate bonds | AA+/Stable outlook for fixed rate bonds |
| P-1 rating for commercial paper | A-1+ rating for commercial paper |
| Aa1/VMG1 rating for variable-rate demand bonds | AA+/A-1+ dual rating for variable-rate demand bonds |
| 九色视频 Debt Capital Structure | ||
| Series | Final Maturity | Par Amount Outstanding |
| 11/1/2031 | 70,735,000 | |
| 11/1/2039 | 246,230,000 | |
| 11/1/2041 | 252,285,000 | |
| 11/1/2043 | 150,000,000 | |
| 11/1/2037 | 180,350,000 | |
| 11/1/2054 | 150,000,000 | |
| 11/1/2050 | 400,000,000 | |
| 11/1/2030 | 190,200,000 | |
| 11/1/2035 | 0 | |
| TOTAL | 1,513,905,000 | |
Reviewed 2023-12-18