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University of Florida Student Activity
Agency: Board of Governors of the State University System and the University of Florida
Purpose: The bonds are issued to finance the expansion of the Student Union at the University of Florida.
Security:
Pledged Revenues: The bonds are secured by the student activity and service fees changed on a per credit hour basis to students at the University of Florida. 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.
Debt Service Reserve Fund: The bonds are not secured by a reserve account.
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.
Frequency: As needed for additional projects as demand justifies.
Bonds Dated 2023
State of Florida, Board of Governors, University of Florida Student Activity Revenue Refunding Bonds, Series 2023A $22,290,000 (Dated 05/04/2023)
Bonds Dated 2013
State of Florida, Board of Governors University of Florida Student Activity Revenue Bonds, Series 2013 $41,540,000 (Dated 09/10/2013)