Summary of Debt Programs

Revenue Financing System (RFS)

  • Five Year Capital Plan - $1.07 billion
  • $865 million in outstanding tax-exempt bonds; 11 bonds issues outstanding 5/31/08
  • $40 million in outstanding tax-exempt commercial paper
  • $4 million in outstanding taxable note
  • 4.70% average interest cost

Permanent University Fund (PUF)

  • Five-year Capital Plan - $531 million
  • $405 million in outstanding tax-exempt bonds; 5 issues outstanding 5/31/08
  • 5.06% average interest cost
  • No outstanding tax-exempt flexible rate notes