UNT System IRMA Representation Letter July 2022
The UNT System raises capital for strategic infrastructure expansions through the Revenue Financing System (RFS), a cost-effective debt program secured by a system-wide pledge of all legally available revenues for debt issued on behalf of all component institutions of the System.
The RFS is governed by a Master Resolution and supplementing resolutions authorized periodically by the Board. The Master Resolution provides that the obligation of the Board to pay or cause to be paid the amounts payable under the Master Resolution and any Supplement thereto is absolute, irrevocable, complete and unconditional, and the amount, manner and time of payment shall not be modified in any way regardless of any contingency.
The notes and supporting schedules to the Annual Combined Financial Reports provide more information on prior year’s pledged revenues.
Links to Governance on the RFS debt program are as follows:
Visit the Strategic Infrastructure site for more information on Current Project details, CIP
Treasury reports internally managed and foundation managed Cash & Investments valuations quarterly to the board, leadership, and various external agencies. Refer to the most recent continuing disclosure report for pledge revenues and the quarterly investment reports in the Reports section below
Bond Official Statements
Every bond series outstanding
CP Programs
For more information on CP Program offerings, please visit the CP Program webpage.
Reports
- Reports to the State:
- Continuing Disclosures Reports
Credit Ratings
| Moody's Investor Services | Fitch |
| Aa2 Outlook Stable | AA Outlook Stable |
| A-1 Comercial Paper | P-1 Commercial Paper |
| Most current ratings report https://www.moodys.com/research/Moodys-assigns-Aa2-to-University-of-North-Texas-System-TXs--PR_907573017 |
Most current ratings report https://www.fitchratings.com/research/us-public-finance/university-of-north-texas-system-board-of-regents-16-03-2022 |