NOTE
4
|
NOTE
4: Long-Term Debt
|
|
|
|
As
of June 30
|
|
|
Interest
Rate
|
Maturity
|
2001
|
2000
|
|
Plant
Funds
|
|
|
(in
thousands)
|
|
Revenue
Bonds
|
|
|
|
|
Medical
Center Series 1993A
|
4.1%
to 5.2%
|
2001-2015
|
$32,960
|
$33,230
|
Medical
Center Series 1998B
|
3.5%
to 5.0%
|
2001-2018
|
6,050
|
6,290
|
Medical
Center Series 1999A
|
4.5%
to 5.25%
|
2001-2013
|
48,435
|
51,985
|
University
of Virginia Series 1995A
|
variable
|
2001-2015
|
4,120
|
4,680
|
University
of Virginia Series 1998A
|
4.0%
to 5.125%
|
2001-2024
|
70,050
|
71,925
|
University
of Virginia Series 1993B
|
4.25%
to 5.375%
|
2001-2020
|
49,925
|
51,905
|
UVa's
College at Wise 1973B
|
5.6%
to 5.875%
|
2001-2011
|
260
|
280
|
|
Commonwealth
of Virginia Bonds
|
3.8%
to 9.25%
|
2001-2019
|
50,988
|
55,805
|
|
Notes
Payable to VCBA
|
3.75%
to 5.0%
|
2001-2018
|
4,145
|
4,305
|
|
Notes
Payable to VCBA
|
4.5%
to 6.0%
|
2001-2020
|
31,635
|
32,425
|
| Notes
Payable to VCBA |
4.5%
to 5.75%
|
2001-2021
|
47,480
|
--
|
|
UVa's
College at Wise Notes
|
variable
|
2001
|
--
|
675
|
|
Higher
Education Equipment Trust
|
|
|
|
|
Fund
Leases Payable
|
3.85%
to 5.0%
|
2001-2003
|
5,371
|
10,430
|
|
Other
|
various
|
2001-2003
|
128
|
174
|
|
TOTAL
|
|
|
$
351,547
|
$
324,109
|
In 1985, the Medical Center defeased Hospital Revenue Bonds, Series
A and Series B, by placing the proceeds of Hospital Revenue Refunding
Bonds, Series C and Variable Rate Demand Revenue Refunding Bonds,
Series D, in an irrevocable trust to provide for all future debt
service payments on the Series A and Series B Bonds. As of June
30, 2000, $6,555,000 of the defeased bonds remained outstanding.
They were redeemed on June 1, 2001.
LONG-TERM DEBT MATURES FOR EACH OF THE NEXT
FIVE YEARS AND IN THE AGGREGATE (in thousands):
|
2001-2002
|
$
19,241
|
|
2002-2003
|
17,610
|
|
2003-2004
|
16,033
|
|
2004-2005
|
16,717
|
|
2005-2006
|
17,177
|
|
Later
years
|
264,769
|
|
TOTAL
|
$
351,547
|
|
|
