Debt offering. Combination of taxable and tax-exempt bonds. The vast majority will be used for academic purposes but there is a small portion going towards the IPF according to the link below. I believe it's actually pricing today.
http://www.texastech.edu/board-of-regents/december-2016/bond-issuance.pdf
http://www.texastech.edu/board-of-regents/december-2016/bond-issuance.pdf
