University of Florida Debt Management
Debt management includes the entire financing cycle:
- Issuance of debt
- Distribution of proceeds
- Ongoing compliance
- Debt maturity
Debt financing, especially tax-exempt debt, provides resources for the University to fund capital projects supporting our mission and strategic objectives.
Debt Management Policy
The University of Florida is required to adopt a debt management policy which is consistent with the guidelines set by the State University System, Board of Governors. The University of Florida, Board of Trustees formally adopted the Board of Governors debt management guidelines as University policy on December 10, 2010.
Tax-Exempt Debt Guidelines including Pre- and Post-Issuance Compliance
The University has traditionally issued tax exempt debt which results in significant interest cost savings compared with the interest cost on taxable debt. It is the policy of the University to comply with all federal tax rules and regulations related to the issuance of tax-exempt debt. These guidelines will assist in ensuring pre- and post-issuance compliance with those rules and regulations.
Public-Private Partnerships for Construction and Capital Financing
The University Board of Trustees is authorized under section 1013.171, Florida Statutes, to enter into real property lease agreements with non-profit and for-profit corporations for the purpose of constructing facilities for the use and/or benefit of the University, its students, faculty or staff. Certain types of Public-Private Partnerships will require the approval of the State University System (SUS) Board of Governors. These guidelines, established by the SUS Board of Governors, will provide a structure for the University to evaluate the benefits of a proposed partnership and the process for approval of that partnership.
It is important to note that University Direct Support Organizations (DSO’s) are also required to follow these guidelines.
- Accounting and Reporting
- Asset Management
- Educational Business Activities
- Cash, Collections, Receivables and Investments
- Construction Accounting
- Debt Management
- Inventories for Supply and Resale
- Tax Services
- UF Reporting Entity
- University-Owned Vehicle Usage