FAQ

The Revenue Financing System (RFS) is a cost-effective debt program secured by a system-wide pledge of all legally available revenues for debt issued on behalf of 4 entities, consisting of our 3 component institutions and the System Administration.

The RFS CP Program is a financing program used to provide interim financing for capital improvements. Most Capital Improvement Program (CIP) projects are initially financed through the program until they are fixed out into long-term bonds.

Step 1 - Learn about the bonds

Read the Preliminary Official Statement (POS) available from this web site or from the participating brokers to learn more about the bonds, including their security, maturity dates, credit ratings, the types of projects they finance and other information that you may find important to help you make an informed investment decision. This website is not an offer to sell any bonds.

Step 2 - Open a brokerage account

If you have a brokerage account, go to Step 3. You must have an account with one of the brokerage firms participating in the bond sale, or with another firm that can place an order through a brokerage firm participating in the bond sale.  Please check to determine if your broker can place an order through the participating brokers. 

Step 3 - Place your order

Discuss with the broker the number of bonds, the maturity date and the price at which you are willing to purchase the bonds, as well as any questions you may have from examining the Preliminary Official Statement (POS).