Note 7-Revenue Bonds

… 5 8 323 Total $ 5,545 $ 2,691 $ 8,236 Delaware State University In May of 1999, the University issued Revenue Refunding Bonds of $15,865,000 (par value) to advance refund the 1992 and 1996 series bonds with a total par value of $14, …

… ar during which any of the bonds remain outstanding. Interest rates range from 3.55% to 5.25% on the outstanding Revenue Refunding Bonds. Debt service requirements for the Delaware State University Bonds are shown on the following page. …

… requirements for the Delaware State University Bonds are shown on the following page. Delaware State University Revenue Refunding Bonds Year Ending (Expressed in Thousands) June 30 Principal Interest Total 2003 $ 840 585 $ …