Liquidity Information
Board of Regents of The Texas A&M University System
Liquidity Information (RFS and PUF)Pursuant to resolutions authorizing certain outstanding Permanent University Fund (“PUF”) and Revenue Financing System (“RFS”) notes, the Board of Regents of The Texas A&M University System (“Board”) is obligated to pay the purchase price of notes that are tendered for purchase and not refinanced by using lawfully available funds. In addition, to manage its liquidity obligations in connection with PUF commercial paper notes (“PUF Notes”), the Board has entered into a note purchase agreement (the “PUF Note Purchase Agreement”) with the University of Texas Investment Management Company (“UTIMCO”). Pursuant to the PUF Note Purchase Agreement, UTIMCO has agreed that it will, on the terms and conditions and subject to the limitations set forth therein, purchase PUF Notes as investments for certain funds of the Board managed by UTIMCO. A failure of UTIMCO to purchase PUF Notes under such circumstances or to provide funds to the Board for such purposes will not relieve the Board of its obligation to the owners of such notes. Links to the PUF Note Purchase Agreement and liquidity details as of certain dates are provided below. Each document contained in this portion of The Texas A&M University System website is marked with a Dated Date and speaks only as of that Dated Date. Readers are cautioned not to assume that any information has been updated beyond the Dated Date unless a document expressly states that it constitutes an update of a specific portion of a document. The Texas A&M University System expressly disclaims any duty to provide an update of any document contained in this section. PUF Note Purchase Agreement:
Liquidity Information (RFS and PUF)Pursuant to resolutions authorizing certain outstanding Permanent University Fund (“PUF”) and Revenue Financing System (“RFS”) notes, the Board of Regents of The Texas A&M University System (“Board”) is obligated to pay the purchase price of notes that are tendered for purchase and not refinanced by using lawfully available funds. In addition, to manage its liquidity obligations in connection with PUF commercial paper notes (“PUF Notes”), the Board has entered into a note purchase agreement (the “PUF Note Purchase Agreement”) with the University of Texas Investment Management Company (“UTIMCO”). Pursuant to the PUF Note Purchase Agreement, UTIMCO has agreed that it will, on the terms and conditions and subject to the limitations set forth therein, purchase PUF Notes as investments for certain funds of the Board managed by UTIMCO. A failure of UTIMCO to purchase PUF Notes under such circumstances or to provide funds to the Board for such purposes will not relieve the Board of its obligation to the owners of such notes. Links to the PUF Note Purchase Agreement and liquidity details as of certain dates are provided below. Each document contained in this portion of The Texas A&M University System website is marked with a Dated Date and speaks only as of that Dated Date. Readers are cautioned not to assume that any information has been updated beyond the Dated Date unless a document expressly states that it constitutes an update of a specific portion of a document. The Texas A&M University System expressly disclaims any duty to provide an update of any document contained in this section. PUF Note Purchase Agreement:
Liquidity Report: