UDSA Investor Relations

• Assessment of Internal Controls: 2024
• Assessment of Internal Controls: 2023
• Assessment of Internal Controls: 2022
• Assessment of Internal Controls: 2021
• Report on Internal Controls over Financial Reporting: 2024
• Report on Internal Controls over Financial Reporting: 2023
• Report on Internal Controls over Financial Reporting: 2022
• Management Letter: No Letter Issued for 2024
• Management Letter: No Letter Issued for 2023

• 2025 Approved Budget
• 2024 Approved Budget
• 2023 Approved Budget

Audited Financial Statements

• 2024
• 2023
• 2022

Quarterly Statements

• Mar 31, 2025
• Sept 30, 2024
• Jun 30, 2024
• Mar 31, 2024
• Sep 30, 2023
• Jun 30, 2023
• Mar 31, 2023

• 2023
• 2022

• Schedule of Debt – 2024
• Schedule of Debt – 2023
• Annual Investment Report – 2024
• Investment Guidelines
• Debt Management Policy

• Notice of Financial Advisor

• 2023 Bond Indenture
• 2023 Servicing Agreement
• Official Statement – Series 2023
• Issuance Advice Letter Order No. 7
• Restructuring Cost Financing Order No. 7

Monthly Tracking Reports

2025

• Series 2023 Tracking Report – April 2025
• Series 2023 Tracking Report – March 2025
• Series 2023 Tracking Report – February 2025
• Series 2023 Tracking Report – January 2025

2024

• Series 2023 Tracking Report -December 2024
• Series 2023 Tracking Report – November 2024
• Series 2023 Tracking Report – October 2024
• Series 2023 Tracking Report – September 2024
• Series 2023 Tracking Report – August 2024
• Series 2023 Tracking Report – July 2024
• Series 2023 Tracking Report – June 2024
• Series 2023 Tracking Report – May 2024
• Series 2023 Tracking Report – April 2024
• Series 2023 Tracking Report – March 2024
• Series 2023 Tracking Report – February 2024
• Series 2023 Tracking Report – January 2024

Monthly Servicer Certificates

2025

• Monthly Servicer Certificate Exhibit A 04-30-25
• Monthly Servicer Certificate Exhibit A 03-31-25
• Monthly Servicer Certificate Exhibit A 02-28-25
• Monthly Servicer Certificate Exhibit A 01-31-25

2024

• Monthly Servicer Certificate Exhibit A 12-31-2024
• Monthly Servicer Certificate Exhibit A 11-30-2024
• Monthly Servicer Certificate Exhibit A 10-31-24
• Monthly Servicer Certificate Exhibit A 09-30-24
• Monthly Servicer Certificate Exhibit A 08-31-24
• Monthly Servicer Certificate Exhibit A 07-31-24
• Monthly Servicer Certificate Exhibit A 06-30-24
• Monthly Servicer Certificate Exhibit A 05-31-24
• Monthly Servicer Certificate Exhibit A 04-30-24
• Monthly Servicer Certificate Exhibit A 03-31-24
• Monthly Servicer Certificate Exhibit A 02-29-24
• Monthly Servicer Certificate Exhibit A 01-31-24

Rating Agency Reports

Moody’s Investors Services

• Report Aaa (sf)

Standard and Poor’s Ratings Services

• Report AAA (sf)

Fitch Ratings

• Report AAAsf

Semi-Annual Servicer Certificates

• Semi-Annual Servicer Certificate – December 15, 2024
• Semi-Annual Servicer Certificate – June 14, 2024

Annual Compliance Certificates

• Annual Compliance Certificate – December 2024

Securitization Charge

• Securitization Charge to be Effective May 15, 2025
• Securitization Charge to be Effective November 15, 2024
• Securitization Charge to be Effective May 15, 2024

• 2022 Bond Indenture
• 2022 Servicing Agreement
• Official Statement – Series 2022 (as supplemented September 23, 2022)
• Issuance Advice Letter Order No. 6
• Restructuring Cost Financing Order No. 6

Monthly Tracking Reports

2025

• Series 2022 Tracking Report – April 2025
• Series 2022 Tracking Report – March 2025
• Series 2022 Tracking Report – February 2025
• Series 2022 Tracking Report – January 2025

2024

• Series 2022 Tracking Report – December 2024
• Series 2022 Tracking Report – November 2024
• Series 2022 Tracking Report – October 2024
• Series 2022 Tracking Report – September 2024
• Series 2022 Tracking Report – August 2024
• Series 2022 Tracking Report – July 2024
• Series 2022 Tracking Report – June 2024
• Series 2022 Tracking Report – May 2024
• Series 2022 Tracking Report – April 2024
• Series 2022 Tracking Report – March 2024
• Series 2022 Tracking Report – February 2024
• Series 2022 Tracking Report – January 2024

Monthly Servicer Certificates

2025

• Monthly Servicer Certificate Exhibit A 04-30-25
• Monthly Servicer Certificate Exhibit A 03-31-25
• Monthly Servicer Certificate Exhibit A 02-28-25
• Monthly Servicer Certificate Exhibit A 01-31-25

2024

• Monthly Servicer Certificate Exhibit A 12-31-24
• Monthly Servicer Certificate Exhibit A 11-30-24
• Monthly Servicer Certificate Exhibit A 10-31-24
• Monthly Servicer Certificate Exhibit A 09-30-24
• Monthly Servicer Certificate Exhibit A 08-31-24
• Monthly Servicer Certificate Exhibit A 07-31-24
• Monthly Servicer Certificate Exhibit A 06-30-24
• Monthly Servicer Certificate Exhibit A 05-31-24
• Monthly Servicer Certificate Exhibit A 04-30-24
• Monthly Servicer Certificate Exhibit A 03-31-24
• Monthly Servicer Certificate Exhibit A 02-29-24
• Monthly Servicer Certificate Exhibit A 01-31-24

2023

• Monthly Servicer Certificate Exhibit A 12-31-23
• Monthly Servicer Certificate Exhibit A 11-30-23
• Monthly Servicer Certificate Exhibit A 10-31-23
• Monthly Servicer Certificate Exhibit A 09-30-23
• Monthly Servicer Certificate Exhibit A 08-30-23
• Monthly Servicer Certificate Exhibit A 07-31-23
• Monthly Servicer Certificate Exhibit A 06-30-23
• Monthly Servicer Certificate Exhibit A 05-31-23
• Monthly Servicer Certificate Exhibit A 04-30-23
• Monthly Servicer Certificate Exhibit A 03-31-23
• Monthly Servicer Certificate Exhibit A 02-28-23
• Monthly Servicer Certificate Exhibit A 01-31-23

Rating Agency Reports

Moody’s Investors Services

• Report Aaa (sf)

Standard and Poor’s Ratings Services

• Report AAA (sf)

Fitch Ratings

• Report AAAsf

Semi-Annual Servicer Certificates

• Semi-Annual Servicer Certificate – December 15, 2024
• Semi-Annual Servicer Certificate – June 14, 2024
• Semi-Annual Servicer Certificate – December 14, 2023
• Semi-Annual Servicer Certificate – June 14, 2023

Annual Compliance Certificates

• Annual Compliance Certificate – December 2024
• Annual Compliance Certificate – December 2023 (PDF)

Securitization Charge

• Securitization Charge to be Effective May 15, 2025
• Securitization Charge to be Effective November 15, 2024
• Securitization Charge to be Effective May 15, 2024

• 2017 Bond Indenture
• 2017 Servicing Agreement
• Official Statement – Series 2017 (October 25, 2017)
• Issuance Advice Letter Order No. 5
• Restructuring Cost Financing Order No. 5

Monthly Tracking Reports

2025

• Series 2017 Tracking Report – April 2025
• Series 2017 Tracking Report – March 2025
• Series 2017 Tracking Report – February 2025
• Series 2017 Tracking Report – January 2025

2024

• Series 2017 Tracking Report – December 2024
• Series 2017 Tracking Report – November 2024
• Series 2017 Tracking Report – October 2024
• Series 2017 Tracking Report – September 2024
• Series 2017 Tracking Report – August 2024
• Series 2017 Tracking Report – July 2024
• Series 2017 Tracking Report – June 2024
• Series 2017 Tracking Report – May 2024
• Series 2017 Tracking Report – April 2024
• Series 2017 Tracking Report – March 2024
• Series 2017 Tracking Report – February 2024
• Series 2017 Tracking Report – January 2024

Monthly Servicer Certificates

2025

• Monthly Servicer Certificate Exhibit A 04-30-25
• Monthly Servicer Certificate Exhibit A 03-31-25
• Monthly Servicer Certificate Exhibit A 02-28-25
• Monthly Servicer Certificate Exhibit A 01-31-25

2024

• Monthly Servicer Certificate Exhibit A 12-31-24
• Monthly Servicer Certificate Exhibit A 11-30-24
• Monthly Servicer Certificate Exhibit A 10-31-24
• Monthly Servicer Certificate Exhibit A 09-30-24
• Monthly Servicer Certificate Exhibit A 08-31-24
• Monthly Servicer Certificate Exhibit A 07-31-24
• Monthly Servicer Certificate Exhibit A 06-30-24
• Monthly Servicer Certificate Exhibit A 05-31-24
• Monthly Servicer Certificate Exhibit A 04-30-24
• Monthly Servicer Certificate Exhibit A 03-31-24
• Monthly Servicer Certificate Exhibit A 02-29-24
• Monthly Servicer Certificate Exhibit A 01-31-24

2023

• Monthly Servicer Certificate Exhibit A 12-31-23
• Monthly Servicer Certificate Exhibit A 11-30-23
• Monthly Servicer Certificate Exhibit A 10-31-23
• Monthly Servicer Certificate Exhibit A 09-30-23
• Monthly Servicer Certificate Exhibit A 08-30-23
• Monthly Servicer Certificate Exhibit A 07-31-23
• Monthly Servicer Certificate Exhibit A 06-30-23
• Monthly Servicer Certificate Exhibit A 05-31-23
• Monthly Servicer Certificate Exhibit A 04-30-23
• Monthly Servicer Certificate Exhibit A 03-31-23
• Monthly Servicer Certificate Exhibit A 02-28-23
• Monthly Servicer Certificate Exhibit A 01-31-23

Rating Agency Reports

Moody’s Investors Services

• Report Aaa (sf)

Standard and Poor’s Ratings Services

• Report AAA (sf)

Fitch Ratings

• Report AAAsf

Annual Compliance Certificates

• Annual Compliance Certificate – December 2024
• Annual Compliance Certificate – December 2023

Semi-Annual Servicer Certificates

• Semi-Annual Servicer Certificate – December 15, 2024
• Semi-Annual Servicer Certificate – June 14, 2024
• Semi-Annual Servicer Certificate – December 14, 2023
• Semi-Annual Servicer Certificate – June 14, 2023

Securitization Charge

• Securitization Charge to be Effective May 15, 2025
• Securitization Charge to be Effective November 15, 2024
• Securitization Charge to be Effective May 15, 2024

• 2016 Bond Indenture
• 2016B Servicing Agreement
• Official Statement – Series 2016B (August 11, 2016)
• Issuance Advice Letter Order No. 4
• Restructuring Cost Financing Order No. 4

Monthly Tracking Reports

2025

• Series 2016B Tracking Report – April 2025
• Series 2016B Tracking Report – March 2025
• Series 2016B Tracking Report – February 2025
• Series 2016B Tracking Report – January 2025

2024

• Series 2016B Tracking Report – December 2024
• Series 2016B Tracking Report – November 2024
• Series 2016B Tracking Report – October 2024
• Series 2016B Tracking Report – September 2024
• Series 2016B Tracking Report – August 2024
• Series 2016B Tracking Report – July 2024
• Series 2016B Tracking Report – June 2024
• Series 2016B Tracking Report – May 2024
• Series 2016B Tracking Report – April 2024
• Series 2016B Tracking Report – March 2024
• Series 2016B Tracking Report – February 2024
• Series 2016B Tracking Report – January 2024

Monthly Servicer Certificates

2025

• Monthly Servicer Certificate Exhibit A 04-30-25
• Monthly Servicer Certificate Exhibit A 03-31-25
• Monthly Servicer Certificate Exhibit A 02-28-25
• Monthly Servicer Certificate Exhibit A 01-31-25

2024

• Monthly Servicer Certificate Exhibit A 12-31-24
• Monthly Servicer Certificate Exhibit A 11-30-24
• Monthly Servicer Certificate Exhibit A 10-31-24
• Monthly Servicer Certificate Exhibit A 09-30-24
• Monthly Servicer Certificate Exhibit A 08-31-24
• Monthly Servicer Certificate Exhibit A 07-31-24
• Monthly Servicer Certificate Exhibit A 06-30-24
• Monthly Servicer Certificate Exhibit A 05-31-24
• Monthly Servicer Certificate Exhibit A 04-30-24
• Monthly Servicer Certificate Exhibit A 03-31-24
• Monthly Servicer Certificate Exhibit A 02-29-24
• Monthly Servicer Certificate Exhibit A 01-31-24

2023

• Monthly Servicer Certificate Exhibit A 12-31-23
• Monthly Servicer Certificate Exhibit A 11-30-23
• Monthly Servicer Certificate Exhibit A 10-31-23
• Monthly Servicer Certificate Exhibit A 09-30-23
• Monthly Servicer Certificate Exhibit A 08-30-23
• Monthly Servicer Certificate Exhibit A 07-31-23
• Monthly Servicer Certificate Exhibit A 06-30-23
• Monthly Servicer Certificate Exhibit A 05-31-23
• Monthly Servicer Certificate Exhibit A 04-30-23
• Monthly Servicer Certificate Exhibit A 03-31-23
• Monthly Servicer Certificate Exhibit A 02-28-23
• Monthly Servicer Certificate Exhibit A 01-31-23

Rating Agency Reports

Moody’s Investors Services

• Report Aaa (sf)

Standard and Poor’s Ratings Services

• Report AAA (sf)

Fitch Ratings

• Report AAAsf

Annual Compliance Certificates

• Annual Compliance Certificate – December 2024
• Annual Compliance Certificate – December 2023

Semi-Annual Servicer Certificates

• Semi-Annual Servicer Certificate – December 15, 2024
• Semi-Annual Servicer Certificate – June 14, 2024
• Semi-Annual Servicer Certificate – December 14, 2023
• Semi-Annual Servicer Certificate – June 14, 2023

Securitization Charge

• Securitization Charge to be Effective May 15, 2025
• Securitization Charge to be Effective November 15, 2024
• Securitization Charge to be Effective May 15, 2024

• 2016A Bond Indenture
• 2016A Servicing Agreement
• Restructuring Cost Financing Order No. 3
• Official Statement – Series 2016A (March 2, 2016)
• Issuance Advice Letter Order No. 3

Monthly Tracking Reports

2025

• Series 2016A Tracking Report – April 2025
• Series 2016A Tracking Report – March 2025
• Series 2016A Tracking Report – February 2025
• Series 2016A Tracking Report – January 2025

2024

• Series 2016A Tracking Report – December 2024
• Series 2016A Tracking Report – November 2024
• Series 2016A Tracking Report – October 2024
• Series 2016A Tracking Report – September 2024
• Series 2016A Tracking Report – August 2024
• Series 2016A Tracking Report – July 2024
• Series 2016A Tracking Report – June 2024
• Series 2016A Tracking Report – May 2024
• Series 2016A Tracking Report – April 2024
• Series 2016A Tracking Report – March 2024
• Series 2016A Tracking Report – February 2024
• Series 2016A Tracking Report – January 2024

Monthly Servicer Certificates

2025

• Monthly Servicer Certificate Exhibit A 04-30-25
• Monthly Servicer Certificate Exhibit A 03-31-25
• Monthly Servicer Certificate Exhibit A 02-28-25
• Monthly Servicer Certificate Exhibit A 01-31-25

2024

• Monthly Servicer Certificate Exhibit A 12-31-24
• Monthly Servicer Certificate Exhibit A 11-30-24
• Monthly Servicer Certificate Exhibit A 10-31-24
• Monthly Servicer Certificate Exhibit A 09-30-24
• Monthly Servicer Certificate Exhibit A 08-31-24
• Monthly Servicer Certificate Exhibit A 07-31-24
• Monthly Servicer Certificate Exhibit A 06-30-24
• Monthly Servicer Certificate Exhibit A 05-31-24
• Monthly Servicer Certificate Exhibit A 04-30-24
• Monthly Servicer Certificate Exhibit A 03-31-24
• Monthly Servicer Certificate Exhibit A 02-29-24
• Monthly Servicer Certificate Exhibit A 01-31-24

2023

• Monthly Servicer Certificate Exhibit A 12-31-23
• Monthly Servicer Certificate Exhibit A 11-30-23
• Monthly Servicer Certificate Exhibit A 10-31-23
• Monthly Servicer Certificate Exhibit A 09-30-23
• Monthly Servicer Certificate Exhibit A 08-30-23
• Monthly Servicer Certificate Exhibit A 07-31-23
• Monthly Servicer Certificate Exhibit A 06-30-23
• Monthly Servicer Certificate Exhibit A 05-31-23
• Monthly Servicer Certificate Exhibit A 04-30-23
• Monthly Servicer Certificate Exhibit A 03-31-23
• Monthly Servicer Certificate Exhibit A 02-28-23
• Monthly Servicer Certificate Exhibit A 01-31-23

Rating Agency Reports

Moody’s Investors Service

• February 2016 Report Aaa (sf)

Standard and Poor’s Ratings Services

• February 2016 Report AAA (sf)

Fitch Ratings

• February 2016 Report AAAsf

Annual Compliance Certificates

• Annual Compliance Certificate – December 2024
• Annual Compliance Certificate – December 2023

Semi-Annual Servicer Certificates

• Semi-Annual Servicer Certificate – December 15, 2024
• Semi-Annual Servicer Certificate – June 14, 2024
• Semi-Annual Servicer Certificate – December 14, 2023
• Semi-Annual Servicer Certificate – June 14, 2023

Securitization Charge

• Securitization Charge to be Effective May 15, 2025
• Securitization Charge to be Effective November 15, 2024
• Securitization Charge to be Effective May 15, 2024

• 2015 Bond Indenture
• 2015 Servicing Agreement
• Voluntary Event Notice – Amendments to the Servicing Agreements
• Amendment to 2015 Servicing Agreement – April 14, 2016
• Official Statement – Series 2015 (October 16, 2015)
• Issuance Advice Letter Order No. 2
• Restructuring Cost Financing Order No. 2

Monthly Tracking Reports

• 2025

2025

• Series 2015 Tracking Report – April 2025
• Series 2015 Tracking Report – March 2025
• Series 2015 Tracking Report – February 2025
• Series 2015 Tracking Report – January 2025

2024

• Series 2015 Tracking Report – December 2024
• Series 2015 Tracking Report – November 2024
• Series 2015 Tracking Report – October 2024
• Series 2015 Tracking Report – September 2024
• Series 2015 Tracking Report – August 2024
• Series 2015 Tracking Report – July 2024
• Series 2015 Tracking Report – June 2024
• Series 2015 Tracking Report – May 2024
• Series 2015 Tracking Report – April 2024
• Series 2015 Tracking Report – March 2024
• Series 2015 Tracking Report – February 2024
• Series 2015 Tracking Report – January 2024

Monthly Servicer Certificates

2025

• Monthly Servicer Certificate Exhibit A 04-30-25
• Monthly Servicer Certificate Exhibit A 03-31-25
• Monthly Servicer Certificate Exhibit A 02-28-25
• Monthly Servicer Certificate Exhibit A 01-31-25

2024

• Monthly Servicer Certificate Exhibit A 12-31-24
• Monthly Servicer Certificate Exhibit A 11-30-24
• Monthly Servicer Certificate Exhibit A 10-31-24
• Monthly Servicer Certificate Exhibit A 09-30-24
• Monthly Servicer Certificate Exhibit A 08-31-24
• Monthly Servicer Certificate Exhibit A 07-31-24
• Monthly Servicer Certificate Exhibit A 06-30-24
• Monthly Servicer Certificate Exhibit A 05-31-24
• Monthly Servicer Certificate Exhibit A 04-30-24
• Monthly Servicer Certificate Exhibit A 03-31-24
• Monthly Servicer Certificate Exhibit A 02-29-24
• Monthly Servicer Certificate Exhibit A 01-31-24

2023

• Monthly Servicer Certificate Exhibit A 12-31-23
• Monthly Servicer Certificate Exhibit A 11-30-23
• Monthly Servicer Certificate Exhibit A 10-31-23
• Monthly Servicer Certificate Exhibit A 09-30-23
• Monthly Servicer Certificate Exhibit A 08-30-23
• Monthly Servicer Certificate Exhibit A 07-31-23
• Monthly Servicer Certificate Exhibit A 06-30-23
• Monthly Servicer Certificate Exhibit A 05-31-23
• Monthly Servicer Certificate Exhibit A 04-30-23
• Monthly Servicer Certificate Exhibit A 03-31-23
• Monthly Servicer Certificate Exhibit A 02-28-23
• Monthly Servicer Certificate Exhibit A 01-31-23

Rating Agency Reports

Moody’s Investors Service

• October 2015 Report Aaa (sf)

Standard and Poor’s Ratings Services

• October 2015 Report AAA (sf)

Fitch Ratings

• October 2015 Report AAAsf

Annual Compliance Certificates

• Annual Compliance Certificate – December 2024
• Annual Compliance Certificate – December 2023

Semi-Annual Servicer Certificates

• Semi-Annual Servicer Certificate – December 15, 2024
• Semi-Annual Servicer Certificate – June 14, 2024
• Semi-Annual Servicer Certificate – December 14, 2023
• Semi-Annual Servicer Certificate – June 14, 2023

Securitization Charge

• Securitization Charge to be Effective May 15, 2025
• Securitization Charge to be Effective November 15, 2024
• Securitization Charge to be Effective May 15, 2024