About Florida A&M University Revenue Bond Programs
This is the official investor relations website for the Florida Agricultural & Mechanical University (FAMU) Dormitory Revenue Bond and Parking Facility 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 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 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.
On behalf of the State of Florida, I want to welcome you to our new investor relations website. We appreciate your interest and investment in Florida bonds, as it allows us to make critical investments in public infrastructure throughout the state. We are committed to maintaining our high bond ratings and we are also committed to being as transparent as possible. I hope you find this website useful as you seek to better understand the credit fundamentals of the State. Please do not hesitate to contact me with suggestions for how we can be doing better. Thanks again for your interest in our bond programs.