2116	TRANSFER TO DEBT SERVICE

Debt service costs for individual campuses include payments associated with 
the pooled revenue bonds (Series A through Q, T through W, AF, and AH), 
payments for non-pooled revenue bonds (Series X through AE, AG, and AI 
through AR), payments for Affordable Student Housing loans, and payments 
for systemwide reserve loans.

Pooled revenue bonds are those bonds sold to the federal government at a 
reduced interest rate as part of the Department of Education and Housing and 
Urban Development grant programs.  Pooled revenue bond debt service 
payments are distributed based upon the cost of construction of the 
individual campuses housing facilities constructed with proceeds from the 
pooled revenue bonds as a percentage of the total construction costs for all 
housing facilities constructed with proceeds from the pooled revenue bonds.  
Debt service payments for the pooled revenue bonds reach the maximum 
level of $5,048,679 in 1992/93 and then decline until 2022/23 at which time the 
last outstanding pooled revenue bonds will be redeemed.

Non-pooled revenue bonds are those bonds which were sold on the private 
market at prevailing interest rates.  Debt service payments for each series of 
non-pooled bonds are paid by the campus on which housing facilities funded 
by the non-pooled bonds were constructed.

Affordable Student Housing loan payments represent the payments 
associated with loans from the Affordable Student Housing Fund in 
accordance with California Education Code Sections 90087-89.

Systemwide reserve loan payments are the payments due for loans provided 
to campuses in accordance with SUAM Section 2134.