Notice of Public Hearing

By Jenn | October 24, 2019

Bryant University

NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING TO BE HELD BY THE RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION CONCERNING THE FINANCING OF A PROJECT FOR BRYANT UNIVERSITY

Notice is hereby given that the Rhode Island Health and Educational Building Corporation (the “Corporation”) will hold a public hearing on November 1, 2019 at 11:00 a.m. at 55 Dorrance Street, Suite 300, Providence, Rhode Island. If the Corporation’s offices are closed on November 1, 2019 due to unforeseen circumstances, including adverse weather conditions, the public hearing will be held on the next business day on which the Corporation’s offices are open at the same time and location. The purpose of the hearing will be to consider the issuance of qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), by the Corporation in a maximum aggregate principal amount not to exceed $18,000,000 (the “Bonds”) for a project to be owned and operated by Bryant University (the “Institution”), a Rhode Island non-profit corporation, for educational purposes. The proceeds of the Bonds will be used as part of a plan of financing to: (a) finance the acquisition, construction, renovation, expansion, equipping and/or furnishing of various Institution facilities, including residential facilities, administrative facilities, academic facilities, student center facilities, dining facilities and athletic facilities, infrastructure and grounds improvements, upgrades to electrical systems, network infrastructure and technology upgrades, acquisition of miscellaneous equipment including without limitation, technology equipment, program-related equipment and physical plant equipment, various other capital renovations and improvements to the Institution’s facilities and the acquisition and installation of furnishings and equipment, all as included from time to time in the Institution’s capital budget and located or to be located at the Institution’s campus at 1150 Douglas Turnpike, Smithfield, Rhode Island, or adjacent or proximate sites, (b) finance capitalized interest and/or a debt service reserve fund, if necessary, and (c) finance costs of issuance of the Bonds.

Neither the State of Rhode Island and Providence Plantations nor the Corporation is obligated to pay the principal or redemption price of or interest on the Bonds and neither the faith and credit nor the taxing power of the State of Rhode Island and Providence Plantations or any municipality or political subdivision thereof is pledged to the payment of the Bonds. The Corporation does not have taxing power. Interested persons are invited to offer comments and ask questions with regard to the issuance of the above-referenced Bonds and the location and nature of the facilities to be financed and refinanced therewith. The Corporation is accessible to the handicapped. Those requesting interpreter services for the hearing impaired must notify the Corporation (401-831-3770) at least 48 hours in advance of the hearing. 

Kimberly W. Mooers,
Executive Director
Rhode Island Health and Educational Building Corporation
55 Dorrance Street, Suite 300
Providence, RI 02903
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