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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2017
Open to Public
Inspection
Name of the organization
UGA Real Estate Foundation Inc
 
Employer identification number
58-2491922
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A Development Authority of the Unified Government of Athens-Clarke County GA
  		58-2613761 047059GB0 06-26-2016 61,143,584 To refinance all remaining bonds (orig issue 1/29/08) with lower rate bonds   X   X   X
B Housing Authority of the City of Athens GA
  		58-6002838 047093FF1 02-09-2017 48,929,542 To refinance all remaining bonds (orig issue 7/15/09) with lower rate bonds.   X   X   X
C Development Authority of the Unified Government of Athens-Clarke County GA
  		58-2613761 047059JG6 09-14-2017 16,021,388 To refinance all remaining bonds (orig issue 11/25/09) with lower rate bonds.   X   X   X
D Housing Authority of the City of Athens GA
  		58-6002838 047093BZ1 03-01-2010 36,102,798 To refinance higher rate bonds (orig issue 12/18/02) with lower rate bonds X     X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 3,585,000 2,345,000 615,000 11,800,000
2 Amount of bonds legally defeased ..............       3,410,000
3 Total proceeds of issue .................. 62,026,066 49,488,477 16,206,239 37,723,351
4 Gross proceeds in reserve funds .............        
5 Capitalized interest from proceeds .............        
6 Proceeds in refunding escrows ...............   43,600,659 14,813,120  
7 Issuance costs from proceeds ............... 596,838 544,724 317,858 457,858
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds ............. 36,278   5,273 18,693
10 Capital expenditures from proceeds .............        
11 Other spent proceeds ............. 61,392,950 5,343,094 1,069,988 37,246,800
12 Other unspent proceeds .............        
13 Year of substantial completion ............. 2009 2010 2009 2004
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? ....                
15 Were the bonds issued as part of an advance refunding issue? .....                
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2017
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Schedule K (Form 990) 2017
Page 2
Part Ⅲ
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet        
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet        
6 Total of lines 4 and 5 ............. 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........   X   X   X   X
c No rebate due? ......... X   X   X   X  
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2017
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Schedule K (Form 990) 2017
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part Ⅴ
Procedures To Undertake Corrective Action
--------------------------------------------------------------------------------------------------------------- A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K, Part II, Line 3 CUSIP # 047093BZ1 Total proceeds do not equal the bond issued. Difference is investment income and funds from Debt Service Reserve.
Schedule K, Part II, Line 3 CUSIP # 047093EL9 Total proceeds do not equal the bond issued. Difference is investment income.
Schedule K, Part II, Line 3 CUSIP # 047059FB1 Total proceeds do not equal the bond issued. Difference is investment income.
Schedule K, Part II, Line 3 CUSIP # 047059GB0 Total proceeds do not equal the bond issued. Difference is investment income.
Schedule K, Part II, Line 3 CUSIP # 047093FF1 Total proceeds do not equal the bond issued. Difference is investment income.
Schedule K, Part II, Line 3 CUSIP # 047059JG6 Total proceeds do not equal the bond issued. Difference is investment income.
Schedule K, Part II, Line 3 CUSIP # 047093DF3 Total proceeds do not equal the bond issued. Difference is investment income and funds from Debt Service Reserve.
Schedule K, Part II, Line 3 CUSIP # 047059DA5 Total proceeds do not equal the bond issued. Difference is investment income and funds from Debt Service Reserve.
Schedule K, Part IV, Line 2c COLUMN A Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 06/01/2017
Schedule K, Part IV, Line 2c COLUMN B Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 06/15/2017
Schedule K, Part IV, Line 2c COLUMN C Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 09/14/2017
Schedule K, Part IV, Line 2c COLUMN D Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 03/01/2015
Schedule K, Part IV, Line 2c COLUMN A Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 12/01/2016
Schedule K, Part IV, Line 2c COLUMN B Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 12/15/2013
Schedule K, Part IV, Line 2c COLUMN C Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 06/01/2017
Schedule K, Part IV, Line 2c COLUMN D Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 06/15/2018
Schedule K (Form 990) 2017

Additional Data


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