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Learn about Florida State University Revenue Bond Programs, including The Team.
This is the official website of the Florida State University (FSU) Mandatory Student Fee (Wellness Center) Revenue Bond, Dormitory Revenue Bond, Parking Facility Revenue Bond, and Research Foundation Revenue Bond programs issued by the Florida Division of Bond Finance on behalf of the University. This website does not contain information on any debt issued through the University's Direct Support Organizations.
The bonds are issued for the purpose of financing capital projects for the University. The projects are approved by the Florida Legislature through one of two methods. Projects for health and wellness center facilities, student housing facilities, parking facilities, food service, retail sales, student activities and research and development facilities have previously received blanket legislative approval. Projects for other purposes must receive specific legislative approval. The projects are also specifically approved by the Board of Trustees of the University and the Board of Governors of the State University System.
The housing/dormitory and parking bonds are secured by the net revenues of the auxiliary system of which the project is a part. For example, housing/dormitory bonds are generally secured by the net revenues of a university's student housing system. The bonds may also be secured by mandatory student fees, such as the transportation access fee. The Mandatory Student Fee Revenue Bonds are secured by student health fees and the FSU Research Foundation Revenue Bonds are secured by lease revenues derived by the FSU Research Foundation from leasing the facilities for University related research, after deducting administrative expenses and current expenses. The bonds are not a general obligation or indebtedness of either the State of Florida or of the University, and the full faith and credit of the State of Florida and the University is not pledged to payment of the bonds.