Summary of Debt Programs

Revenue Financing System (RFS)

• Five-year Capital Plan – $1.80 billion
• $3.2 billion in outstanding bonds; 21 issues outstanding 05/31/2025
• $272 million in outstanding commercial paper
• 3.73% average interest cost

Permanent University Fund (PUF)

• Five-year Capital Plan – $834 million
• $1.6 billion in outstanding bonds; 12 issues outstanding 05/31/2025
• $125 million in outstanding commercial paper
• 4.01% average interest cost