NOTICE OF PUBLIC HEARING REGARDING PLAN OF FINANCE
INVOLVING THE ISSUANCE OF COMMERCIAL PAPER NOTES AND REVENUE BONDS BY THE PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY
FOR THE BENEFIT OF EMORY UNIVERSITY
YOU ARE HEREBY NOTIFIED that, pursuant to the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), a public hearing (the “Hearing”) will be held on the 20th day of February, 2026, at 11:00 a.m., regarding a plan of finance (the “Plan of Finance”) proposed by Emory University, a Georgia non-profit corporation (together with its affiliates, “Emory”) involving the issuance by the Private Colleges and Universities Authority (the “Issuer”) of its qualified 501(c)(3) bonds as defined in Section 145 of the Code, for educational facilities, hospitals or other healthcare facilities, which such bonds may consist of either short-term notes maturing in 270 days or less (i.e. commercial paper notes) (the “Notes”) or revenue bonds (the “Bonds” and collectively, with the Notes, the “Obligations”) for the benefit of Emory to finance the Facilities as hereinafter described. The Hearing will be located at the offices of Alston & Bird LLP, One Atlantic Center, 49th Floor, 1201 West Peachtree Street, Atlanta, Georgia 30309-3424 and is also accessible via Microsoft Teams virtual conference and telephone conference (participation information included below).
BY MICROSOFT TEAMS VIRTUAL CONFERENCE:
Join: https://teams.microsoft.com/meet/27255561493145?p=f4LwKeBvCXXU99ohzz
Meeting ID: 272 555 614 931 45
Passcode: K8AG9WZ7
Dial in by phone
+1 470-336-1059,,608837299# United States, Atlanta
Phone conference ID: 608 837 299#
The Obligations may be issued by the Issuer pursuant to the Plan of Finance from time to time and in one or more series in an aggregate principal amount of up to $360,000,000 to finance for Emory the cost of the acquisition, construction and installation of the Facilities during the expected three-year period commencing on the date of approval of the Plan of Finance. The Facilities consist of land, buildings, equipment, facilities, and improvements used or to be used by Emory in connection with the educational and healthcare operations of Emory. The main campus of Emory is located in Atlanta, Georgia, and the address of its principal office is 201 Dowman Drive, Atlanta, Georgia. The Facilities are located on the main campus of Emory (which includes Emory University Hospital at Wesley Woods located at 1821 Clifton Road, Atlanta, Georgia, Emory University Hospital located at 1364 East Clifton Road, N.E., Atlanta, Georgia and the former Children’s Healthcare of Atlanta Egleston Hospital located at 1405 Clifton Road, Atlanta, Georgia (which land is now owned by Emory)) or other sites proximate to the main campus, as well as on other sites that are used by Emory as part of its integrated education and healthcare operations. The Facilities may include, but are not limited to:
• Emory University capital projects located on the main campus. The cost of such Facilities is expected to be approximately $90,000,000.
• The Emory Proton Therapy Center located at 615 Peachtree Street NE, Atlanta, Georgia. The cost of such Facilities is expected to be approximately $110,000,000.
• The Oxford College Campus located in Oxford, Georgia with the main address at 100 Hamill Street, Oxford, Georgia. The cost of such Facilities is expected to be approximately $94,000,000.
• The Emory University Hospital Midtown (including the Winship Cancer Tower) located at 550 Peachtree Street NE, Atlanta, Georgia. The cost of such Facilities is expected to be approximately $34,500,000.
• The acquisition of property and improvements located at 467 Burlington Road, Atlanta, Georgia. The cost of such Facilities is expected to be approximately $1,500,000.
• The Emory Decatur Hospital located at 2701 North Decatur Road, Decatur, Georgia. The cost of such Facilities is expected to be approximately $30,000,000.
The Facilities being financed by the Obligations include education and healthcare facilities of Emory located on the main campus referred to above or other locations proximate thereto, or at other sites operated by Emory as part of its integrated healthcare and university operations.
The initial legal owner or principal user of the Facilities financed with the Obligations will be Emory.
The Obligations will not constitute an indebtedness or general obligation of the Issuer or the State of Georgia or any political subdivision thereof, but will be payable solely from amounts paid to the Issuer by Emory pursuant to one or more loan agreements to be entered into between the Issuer and Emory and not from any other fund or source.
Any person interested in the proposed issuance of the Obligations or the nature or locations of the Facilities financed by the Obligations may appear at the Hearing using the Microsoft Teams virtual conference call or telephone conference dial-in instructions set forth above and be heard or may submit their views in writing. Written comments should be submitted to the Private Colleges and Universities Authority, c/o Alston & Bird LLP, 1201 West Peachtree Street, Atlanta, Georgia 30309-3424, Attention: Amber Pelot or emailed to amber.pelot@alston.com, and should be mailed in sufficient time to be received before the date of the hearing.
The Issuer will not conduct any performance audit or performance review with respect to the Obligations as such terms are described in Section 36-82-100, Official Code of Georgia Annotated.PRIVATE COLLEGES AND
UNIVERSITIES AUTHORITY
By________________________________