Summary of Debt Programs

Revenue Financing System (RFS)

• Five-year Capital Plan – $1.92 billion
• $3.5 billion in outstanding bonds; 23 issues outstanding 2/28/2026
• $277.6 million in outstanding commercial paper
• 3.81% average interest cost

Permanent University Fund (PUF)

• Five-year Capital Plan – $1.22 billion
• $1.5 billion in outstanding bonds; 9 issues outstanding 2/28/2026
• $250 million in outstanding commercial paper
• 3.88% average interest cost