FSU Mandatory Fee-Health
Agency: Board of Governors of the State University System and Florida State University
Purpose: The bonds are issued to finance the construction of the Health and Wellness Center at Florida State University.
Security:
Frequency: As needed for additional projects as demand justifies.
Purpose: The bonds are issued to finance the construction of the Health and Wellness Center at Florida State University.
Security:
Pledged Revenues: The bonds are secured by the Florida State University student health fee, plus investment earnings. These bonds do not constitute a general obligation of the State of Florida or the University, and the full faith and credit of the State of Florida is not pledged to payment of these bonds.
Lien Status: The bonds have a first lien on the pledged revenues.
Additional Bonds Test: Additional parity bonds may be issued if the average pledged revenues for the two preceding fiscal years are at least 120% of the maximum annual debt service on the outstanding bonds.