NOTICE OF PUBLIC HEARING AND O...
NOTICE OF PUBLIC HEARING AND O...
NOTICE OF PUBLIC HEARING AND OPPORTUNITY TO BE HEARD REGARDING TAX-EXEMPT PROGRAM TO FINANCE STUDENT LOANS BY THE NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY
The New Jersey Higher Education Student Assistance Authority (the "Authority") proposes to issue an amount not to exceed $500,000,000 principal amount of student loan revenue bonds in one or more series (the "Bonds"), for the purpose of (a) continuing to provide funds for the making or purchasing of student loans under the NJCLASS Loan Program and a loan refinance program to eligible students or parents, spouses or other relatives providing financial support for eligible students; (b) funding certain accounts established under the Indenture pursuant to which the Bonds will be issued (the "Indenture"), (c) refunding certain prior issues of student loan revenue bonds and (d) paying costs of issuance of the Bonds. The eligible students under the NJCLASS Loan Program financed with a portion of the proceeds of the Bonds are students who are or were enrolled as undergraduate or graduate students at a degree-granting college or university and students enrolled in post-secondary programs of study, in each case located within or outside the State of New Jersey and who meet the other eligibility criteria of the NJCLASS Loan Program. The eligible students under the loan refinance program financed with a portion of the proceeds of the Bonds are students who were residents of the State of New Jersey or were enrolled as undergraduate or graduate students at a degree-granting college or university and students enrolled in post-secondary programs of study, in each case located within New Jersey or who are residents of New Jersey and in either case who meet the other eligibility criteria of the loan refinance program. The NJCLASS Loan Program and loan refinance program are implemented pursuant to the Higher Education Student Assistance Authority Law (N.J.S.A. 18A:71A-1 et seq.) as amended and supplemented and any successor legislation and the regulations thereunder and constitute supplemental loan programs of the State of New Jersey. THE BONDS ARE LIMITED OBLIGATIONS OF THE AUTHORITY. THE BONDS DO NOT CREATE ANY DEBT OR LIABILITY ON BEHALF OF THE STATE OF NEW JERSEY OR ANY POLITICAL SUBDIVISION THEREOF. NEITHER THE STATE OF NEW JERSEY NOR THE AUTHORITY SHALL BE OBLIGATED TO PAY THE PRINCIPAL OF OR INTEREST ON THE BONDS EXCEPT FROM THE MONEYS AND FUNDS PLEDGED UNDER THE INDENTURE. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF NEW JERSEY OR OF ANY POLITICAL SUBDIVISION THEREOF IS PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF OR INTEREST ON THE BONDS
A public hearing is scheduled to be held on April 29, 2025, at 9:00 a.m. in the offices of the Authority at the address below for the purpose of hearing the views of interested members of the public in relation to authorizing this financing. Notice of this public hearing is being published pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended. The Bonds will be issued pursuant to section 144(b) of the Internal Revenue Code of 1986, as amended.
Interested persons are invited to submit written comments, speak at the public hearing, or both. Written comments must be received by the Authority no later than the time of the public hearing and may be submitted either by mailing or hand delivery to Jerry Traino at the address below. Persons wishing to speak at the hearing should contact the Authority at the address below. They will be scheduled to speak for not more than 10 minutes by the presiding official for the public hearing.
Additional information may be obtained by writing or calling Jerry Traino at the following address and phone number:
New Jersey Higher Education Student Assistance Authority
2 Quaker Bridge Plaza
P.O. Box 540
Trenton, New Jersey 08625-0540
(609) 588-4584
Ref# 185498
NOTICE OF PUBLIC HEARING AND OPPORTUNITY TO BE HEARD REGARDING TAX-EXEMPT PROGRAM TO FINANCE STUDENT LOANS BY THE NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY
The New Jersey Higher Education Student Assistance Authority (the "Authority") proposes to issue an amount not to exceed $500,000,000 principal amount of student loan revenue bonds in one or more series (the "Bonds"), for the purpose of (a) continuing to provide funds for the making or purchasing of student loans under the NJCLASS Loan Program and a loan refinance program to eligible students or parents, spouses or other relatives providing financial support for eligible students; (b) funding certain accounts established under the Indenture pursuant to which the Bonds will be issued (the "Indenture"), (c) refunding certain prior issues of student loan revenue bonds and (d) paying costs of issuance of the Bonds. The eligible students under the NJCLASS Loan Program financed with a portion of the proceeds of the Bonds are students who are or were enrolled as undergraduate or graduate students at a degree-granting college or university and students enrolled in post-secondary programs of study, in each case located within or outside the State of New Jersey and who meet the other eligibility criteria of the NJCLASS Loan Program. The eligible students under the loan refinance program financed with a portion of the proceeds of the Bonds are students who were residents of the State of New Jersey or were enrolled as undergraduate or graduate students at a degree-granting college or university and students enrolled in post-secondary programs of study, in each case located within New Jersey or who are residents of New Jersey and in either case who meet the other eligibility criteria of the loan refinance program. The NJCLASS Loan Program and loan refinance program are implemented pursuant to the Higher Education Student Assistance Authority Law (N.J.S.A. 18A:71A-1 et seq.) as amended and supplemented and any successor legislation and the regulations thereunder and constitute supplemental loan programs of the State of New Jersey. THE BONDS ARE LIMITED OBLIGATIONS OF THE AUTHORITY. THE BONDS DO NOT CREATE ANY DEBT OR LIABILITY ON BEHALF OF THE STATE OF NEW JERSEY OR ANY POLITICAL SUBDIVISION THEREOF. NEITHER THE STATE OF NEW JERSEY NOR THE AUTHORITY SHALL BE OBLIGATED TO PAY THE PRINCIPAL OF OR INTEREST ON THE BONDS EXCEPT FROM THE MONEYS AND FUNDS PLEDGED UNDER THE INDENTURE. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF NEW JERSEY OR OF ANY POLITICAL SUBDIVISION THEREOF IS PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF OR INTEREST ON THE BONDS
A public hearing is scheduled to be held on April 29, 2025, at 9:00 a.m. in the offices of the Authority at the address below for the purpose of hearing the views of interested members of the public in relation to authorizing this financing. Notice of this public hearing is being published pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended. The Bonds will be issued pursuant to section 144(b) of the Internal Revenue Code of 1986, as amended.
Interested persons are invited to submit written comments, speak at the public hearing, or both. Written comments must be received by the Authority no later than the time of the public hearing and may be submitted either by mailing or hand delivery to Jerry Traino at the address below. Persons wishing to speak at the hearing should contact the Authority at the address below. They will be scheduled to speak for not more than 10 minutes by the presiding official for the public hearing.
Additional information may be obtained by writing or calling Jerry Traino at the following address and phone number:
New Jersey Higher Education Student Assistance Authority
2 Quaker Bridge Plaza
P.O. Box 540
Trenton, New Jersey 08625-0540
(609) 588-4584
Ref# 185498
Posted Online 3 weeks ago
