Summary of Debt Programs

Revenue Financing System (RFS)

  • Five-year Capital Plan - $1.16 billion
  • $865 million in outstanding tax-exempt bonds; 11 bonds issues outstanding 8/31/08
  • $107 million in outstanding tax-exempt commercial paper
  • $4 million in outstanding taxable note
  • 4.49% average interest cost

Permanent University Fund (PUF)

  • Five-year Capital Plan - $500 million
  • $383 million in outstanding tax-exempt bonds; 4 issues outstanding 8/31/08
  • $52 million in outstanding taxable flexible rate notes
  • 5.41% average interest cost