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Florida College System/Community College
Agency: Participating State Colleges and community colleges: coordinated by the Division of Florida Colleges of the Department of Education
Purpose: The bonds are issued to finance construction, equipment, renovation or remodeling of educational facilities at participating community colleges.
Security:
Pledged Revenues: The bonds are payable from certain capital improvement fees collected by all community colleges participating in the program, on a crosscollateralized basis.
Lien Status: The bonds have a first lien on the pledged capital improvement fees of all participating State Colleges and community colleges.
Additional Bonds Test: Additional parity bonds may be issued if the average pledged revenues for the two preceding fiscal years are equal to or greater than 130% of maximum annual debt service on all bonds outstanding under the program and the proposed additional parity bonds.
Frequency: As the need for projects dictates.
Bonds Dated 2021
State of Florida, Department of Education, Florida College System Capital Improvement Revenue Refunding Bonds, Series 2021A $17,445,000 (Dated 07/22/2021)
Bonds Dated 2018
State of Florida, Department of Education Florida College System Capital Improvement Revenue Refunding Bonds, Series 2018A $41,355,000 (Dated 04/12/2018)