britt@fis.admin.unt.edu
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UNIVERSITY OF NORTH TEXAS |
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BOND DESCRIPTION AND MATURITY SCHEDULE |
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August 31, 1999 |
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UNAUDITED |
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REVENUE FINANCING SYSTEM BONDS, SERIES 1997 |
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TOTAL ISSUE: $4,380,000.00 |
DATED: August 15, 1997 |
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DENOMINATIONS: $ 5,000.00 |
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PAYMENT DATES: Interest - October 15 and April 15 |
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Principal - April 15 |
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REDEMPTION: The bonds maturing on or after April 15, 2004, are subjet to redemption prior to maturity on April 15, 2003, or any date thereafter at the par value thereof plus accrued interest. The University reserves the right to determine the maturity or maturities and the amounts thereof to be called for redemption. If less than all the Bonds of a maturity are to be redeemed, the Bonds shall be selected by lot. |
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PURPOSE: The proceeds of the Bonds will be used to finance renovations and repairs to dormitories and the University's football stadium, and to pay cost relating to the issuance of the Bonds. |
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FINANCING: The Bonds will constitute special obligations of the Board, payable solely from and secured by a lien on the Pledged Revenues of the University's Revenue Financing System subject to the lien on the Pledged Revenues securing the Prior Encumbered Obligations. |
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AUTHORITY: Art. 717k, Vernon's Tx. Civil Statutes, as amended and Chapter 55, Tx. Ed. Code, as amended |
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PAYING AGENT: Bank One, Texas, N.A. |
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DEPOSIT REQUIREMENTS: October 15 and April 15 |
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RESERVE REQUIREMENTS: No reserve requirement for Revenue Financing System Bonds |
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BOND MATURITY SCHEDULE |
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Fiscal Year Annual Requirements to Retire |
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Bond |
Interest |
Interest Due |
Interest Due |
Principal Due |
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Year |
Numbers |
Rate |
October 15 |
April 15 |
April 15 |
Total |
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$ |
$ |
$ |
$ |
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1999-2000 |
4.50% |
85,558.75 |
85,558.75 |
375,000.00 |
546,117.50 |
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2000-01 |
4.50% |
77,121.25 |
77,121.25 |
395,000.00 |
549,242.50 |
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2001-02 |
4.50% |
68,233.75 |
68,233.75 |
415,000.00 |
551,467.50 |
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2002-03 |
6.00% |
58,896.25 |
58,896.25 |
440,000.00 |
557,792.50 |
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2003-04 |
4.50% |
45,696.25 |
45,696.25 |
460,000.00 |
551,392.50 |
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2004-05 |
4.55% |
35,346.25 |
35,346.25 |
485,000.00 |
555,692.50 |
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2005-06 |
4.65% |
24,312.50 |
24,312.50 |
510,000.00 |
558,625.00 |
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2006-07 |
4.70% |
12,455.00 |
12,455.00 |
530,000.00 |
554,910.00 |
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TOTALS |
407,620.00 |
407,620.00 |
3,610,000.00 |
4,425,240.00 |
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britt@fis.admin.unt.edu |
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| University of North Texas >> Electronic Reports >> Financial Report |