NOTICE OF PUBLIC HEARING REGARDING PLAN OF FINANCE
INVOLVING THE ISSUANCE OF 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 10th day of July, 2023, at 2:00 p.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 revenue bonds, notes or other obligations (the “Bonds”) for the benefit of Emory to finance or refinance 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 conference call (Dial In: 888-525-7866 and Participant Passcode: 4048817528).
The Bonds 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 $40,000,000 to finance or refinance for Emory the cost of the acquisition, construction and installation of certain land, buildings, equipment, facilities and improvements at the Emory Decatur Hospital located at 2701 North Decatur Road, Decatur, Georgia (the “Facilities”).
The owner or operator of the Facilities financed or refinanced by the Bonds is or will be Emory.
The Bonds 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 Bonds or the nature or locations of the Facilities financed by the Bonds may appear at the Hearing using the conference call 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 Bonds as such terms are described in Section 36-82-100, Official Code of Georgia Annotated.
PRIVATE COLLEGES AND
UNIVERSITIES AUTHORITY