UNIVERSITY OF NORTH TEXAS

BOND DESCRIPTION AND MATURITY SCHEDULE

August 31, 1999

UNAUDITED

CONSOLIDATED UNIVERSITY REVENUE BONDS, SERIES 1994

TOTAL ISSUE: $10,000,000.00

DATED: February 1, 1994

DENOMINATIONS: $ 5,000.00

PAYMENT DATES: Interest - October 15 and April 15

Principal - April 15

REDEMPTION: Bonds maturing on and after April 15, 2005, are subject to redemption, at the option of the Board, in whole or any part thereof, on April 15, 2004 or any interest payment date thereafter at a price equal to the principal amount thereof plus accrued interest to the date of redemption. PURPOSE: (1) to provide funds sufficient to aquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads or related infrastructure for the University of North Texas, and for paying costs of issuance for the Bonds. FINANCING: First lien on and pledge of the Pledged Revenues. Pledged Revenues include:

(1) the Gross Revenues of the University Building System

(2) the gross collections of the General Fee

(3) the gross collections of the Pledged Student Tuition

(4) the gross collections of the Student Union Building Fee

(5) the gross collections of the Pledged General Tuition

(6) the investment income earned on amounts credited to the Interest and Sinking Fund, the Reserve Fund and other funds maintained pursuant to the Resolution

(7) any additional revenues, income, receipts or other resources, including, without limitation, any grants, donations or income received or to be received from any public or private source, whether pursuant to an agreement or otherwise, which hereafter may be pledged to the payment of the Bonds or Additional Bonds 

AUTHORITY: Section 55.1717, Texas Education Code, and pursuant to a resolution adopted by the

Board of Regents of the University of North Texas.

PAYING AGENT: Bank One, Texas, NA, Dallas, Texas

DEPOSIT REQUIREMENTS: October 15 and April 15

RESERVE REQUIREMENTS: See Consolidated University Revenue Refunding Bonds, Series 1997

(Schedule B-10d)

BOND MATURITY SCHEDULE

Fiscal Year Annual Requirements to Retire

Bond

Interest

Interest Due

Interest Due

Principal Due

Year

Numbers

Rate

October 15

April 15

April 15

Total

CUSIP

$

$

$

$

662854

1999-2000

TX6

7.00%

218,890.00

218,890.00

380,000.00

817,780.00

2000-01

TY4

7.00%

205,590.00

205,590.00

400,000.00

811,180.00

2001-02

TZ1

7.00%

191,590.00

191,590.00

425,000.00

808,180.00

2002-03

UA4

7.00%

176,715.00

176,715.00

445,000.00

798,430.00

2003-04

UB2

7.00%

161,140.00

161,140.00

470,000.00

792,280.00

2004-05

UC0

4.60%

144,690.00

144,690.00

495,000.00

784,380.00

2005-06

UD8

4.70%

133,305.00

133,305.00

525,000.00

791,610.00

2006-07

UE6

4.80%

120,967.50

120,967.50

555,000.00

796,935.00

2007-08

UF3

4.90%

107,647.50

107,647.50

585,000.00

800,295.00

2008-09

UG1

4.90%

93,315.00

93,315.00

615,000.00

801,630.00

2009-10

UH9

5.00%

78,247.50

78,247.50

650,000.00

806,495.00

2010-11

UJ5

4.70%

61,997.50

61,997.50

685,000.00

808,995.00

2011-12

UK2

4.00%

45,900.00

45,900.00

725,000.00

816,800.00

2012-13

UL0

4.00%

31,400.00

31,400.00

765,000.00

827,800.00

2013-14

UM8

4.00%

16,100.00

16,100.00

805,000.00

837,200.00

TOTALS

1,787,495.00

1,787,495.00

8,525,000.00

12,099,990.00