Schedule of System Revenue Bond Debt Service
Total Debt
Outstanding Parity Bonds
The Series 2018 Bonds
Fiscal Year
Principal
Interest (1)
Total
Principal
Interest
Service
$ 5,199,242 $ 9,044,242
2018 $ 3,845,000
4,025,000 4,785,000 4,990,000 5,200,000 4,660,000 4,870,000 5,075,000 6,085,000 6,335,000 6,615,000 6,860,000 7,095,000 6,725,000 6,960,000 6,675,000 6,915,000 3,310,000 3,435,000 3,560,000 3,690,000 1,795,000 1,880,000
5,024,267 4,841,042 4,618,692 4,386,692 4,133,992 3,903,433 3,688,418 3,463,485 3,171,708 2,867,295 2,575,716 2,310,439 2,023,451 1,763,644 1,485,555 1,212,795 929,840 771,093 605,830 434,053 255,413 130,660
9,049,267 9,626,042 9,608,692 9,586,692 8,793,992 8,773,433 8,763,418 9,548,485 9,506,708 9,482,295 9,435,716 9,405,439 8,748,451 8,723,644 8,160,555 8,127,795 4,239,840 4,206,093 4,165,830 4,124,053 2,050,413 2,010,660
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049
- - - - - - - - -
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Totals $115,385,000 $59,796,755 $175,181,755 (1) Reflects interest prior to the application of the 35 percent federal credit payments relating to the University’s System Revenue Bonds, 2010, Series B (Taxable Build America Bonds – Direct Payment). Debt Payment Record The University has promptly met all principal and interest payments on its bonds and has never defaulted on a payment of principal or interest on any of its bonds or other obligations when due. No refunding bonds have been issued for the purpose of preventing an impending default. Future Financing The University does not anticipate the issuance of Future Parity Bonds within the next [two years]. The University periodically reviews its outstanding bonds for refunding opportunities and may issue bonds for refunding purposes if market conditions warrant.
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