State of Connecticut Higher Education Supplemental Loan Authority
Revenue Bonds (CHESLA Loan Program)
Notice is hereby given that a public hearing will be held by the State of Connecticut Higher Education Supplemental Loan Authority (the “Authority”) on the 12th day of March, 2020, commencing at 9:30 a.m. at the offices of the Authority, 10 Columbus Boulevard, 7th Floor, Hartford, Connecticut 06106-1978, for the purpose of providing a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of the above-captioned bonds (the “Bonds”).
The Authority is empowered under the Connecticut Higher Education Supplemental Loan Authority Act (Sections 10a-221 through 10a-246, inclusive, of the General Statutes of Connecticut) to issue tax-exempt revenue bonds, subject to approval following a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended. The Authority seeks approval to issue its Revenue Bonds (CHESLA Loan Program) in an aggregate amount not to exceed $40,000,000, in one or more series, to (i) provide funds for its CHESLA Loan Program for the financing of loans for eligible college, university or graduate students who are residents of the State of Connecticut, or students who are enrolled at eligible colleges, universities, graduate schools, or the Connecticut Alternate Route to Certification Program located in the State of Connecticut, (ii) to refinance certain of the Authority’s outstanding Revenue Bonds (CHESLA Loan Program) 2009 Series A and Revenue Bonds (CHESLA Loan Program) 2010 Series A, the proceeds of which were used to finance the Authority’s CHESLA Loan Program, (iii) to fund one or more Special Capital Reserve Funds, and (iv) to pay costs of issuance of the Bonds. The subject of the hearing will be the issuance of the Bonds.
Interested members of the public are invited to attend. Persons desiring to make a brief statement regarding the Bonds should give prior notice in writing to the Authority at the address shown below at least 24 hours prior to the hearing. Written comments may be submitted to the Authority at the address shown below prior to or at the hearing. If additional information is required with respect to the proposed issuance of the Bonds in advance of the hearing, please contact the Authority at the address shown below.
State of Connecticut Higher Education
Supplemental Loan Authority
10 Columbus Boulevard - 7th Floor
Hartford, Connecticut 06106-1978
Dated: February 25, 2020
By: Jeanette W. Weldon