NOTICE OF PUBLIC HEARING
- June 30, 2022
Clifton Higher Education Finance Corporation Higher Education Revenue Bonds
(Southwestern University Project) Series 2022
Notice is hereby given that on July 12, 2022, a joint public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), will be held on behalf of the Clifton Higher Education Finance Corporation (the “Issuer”) with respect to the proposed issuance by the Issuer of its Higher Education Revenue Bonds (Southwestern University Project) Series 2022 (the “Bonds”), in an amount not to exceed $80,000,000. The hearing will commence at 2:00 p.m., or as soon thereafter as the matter can be heard, and will be held at 505 W. 5th Street, Suite 240, Clifton, Texas 76634.
The proceeds of the Bonds will be issued as part of a plan of finance and loaned to Southwestern University, a Texas nonprofit corporation, (the “Borrower”) for the purpose of (a) constructing, enlarging, extending, repairing, renovating, improving, furnishing and equipping educational and housing facilities for the Borrower’s campus located on 1001 E. University Avenue, Georgetown, Texas 78626, including, but not limited to (1) a new multi-use residence hall, and (2) other educational and housing facilities, including library, campus and athletic facilities, and other facilities incidental, subordinate, or related to such facilities or appropriate in connection therewith (the “Project”) and (b) paying certain costs of issuance on the Bonds.
The Project will be owned and operated by the Borrower. The Bonds are not payable out of taxes and are secured by and payable solely from funds provided by the Borrower.
The public hearing will be conducted by Dr. George Larson, Vice President of the Issuer, or their designee (the “Hearing Officer”). All interested persons are invited to attend such public hearing to across their views with respect to the above-described Project and the Bonds. Any interested persons unable to attend the hearing may submit their views in writing to the Hearing Officer prior to the date scheduled for the hearing at fax number (254) 754-6331, Attention: Dan Pleitz. This notice is published and the hearing is held in satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.