The information included below was provided by institutions of higher education based on debt service schedules for projects authorized in the bill. In some cases, institutions reported that debt service payments would be begin in fiscal year 2022, while other institutions reported that the debt service payments would begin in fiscal year 2023.
Bonds for components of the Texas A&M University System would be issued at a 6.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the Texas A&M University System, the amount of debt service payments would be $26.3 million beginning in fiscal year 2023.
Bonds for components of the University of Texas System would be issued at a 4.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by The University of Texas System, the amount of debt service payments would be $21.8 million per year beginning in fiscal year 2023.
Bonds for components of the University of Houston System would be issued at a 6.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the University of Houston System, the amount of debt service payments would be $18.2 million per year beginning in fiscal year 2022.
Bonds for components of the Texas State University System would be issued at a 4.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the Texas State University System, the amount of debt service payments would be $17.3 million per year beginning in fiscal year 2023.
Bonds for components of the University of North Texas System would be issued at a 6.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the University of North Texas System, the amount of debt service payments would be $21.7 million beginning in fiscal year 2023.
Bonds for Texas Woman's University would be issued at a 6.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by Texas Woman's University, the amount of debt service payments would be $2.1 million in fiscal year 2022 and $4.2 million beginning in fiscal year 2023.
Bonds for Stephen F. Austin State University would be issued at a 6.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by Stephen F. Austin, the amount of debt service payments would be $4.6 million beginning in fiscal year 2023.
Bonds for the Texas Tech University System would be issued at a 5.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the Texas Tech University System, the amount of debt service payments would be $16.5 million beginning in fiscal year 2023.
Based on information provided by the Texas Public Finance Authority, which issues bonds for Texas Southern University, bonds for Texas Southern University would be issued at a 6.25 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the Texas Public Finance Authority, the amount of debt service payments would be $12.6 million for fiscal year 2023 and $13.7 million in subsequent years.
Bonds for Texas State Technical College System would be issued at a 6.0 percent interest rate with a 20-year level debt service amortization. Based on calculations prepared by the Texas State Technical College System, the amount of debt service payments would be $17.7 million beginning in fiscal year 2022.