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NOT TO EXCEED $20,000,000 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL

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NOT TO EXCEED $20,000,000 LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY REVENUE REFUNDING BONDS (LOUISIANA TECH UNIVERSITY STUDENT HOUSING/INNOVATIVE STUDENT FACILITIES, INC. PROJECT) IN ONE OR MORE SERIES
NOTICE OF PUBLIC HEARING
Notice is hereby given that the Louisiana Local Government Environmental Facilities and Community Development Authority (the “Authority”) will conduct and hold a public hearing at the office of the Authority, 8712 Jefferson Highway, Suite A, Baton Rouge, Louisiana 70809 on Tuesday, March 26, 2013 at 10:30 a.m. to hear any objections to the issuance, sale and delivery of its not to exceed $20,000,000 Revenue Refunding Bonds (Louisiana Tech University Student Housing/Innovative Student Facilities, Inc. Project) in one or more series (the “Bonds”). The Bonds are being issued by the Authority as qualified 501(c)(3) bonds for the purpose of providing funds to Innovative Student Facilities, Inc., a non-profit corporation (the “Corporation”) to refund a portion of the Authority's $20,000,000 Revenue Bonds (Louisiana Tech University Student Housing/Innovative Student Facilities, Inc. Project) Series 2003 of which approximately $17,715,000 is currently outstanding (the “Prior Bonds”). The proceeds of the Prior Bonds were provided to the Corporation for the purpose of financing the cost of acquiring immovable property and financing the development, design, construction and equipping of new student housing facilities (the “Facilities”) for Louisiana Tech University (the “University”) located on immovable property owned by, or subject to the supervision and management of, the Board of Supervisors for the University of Louisiana System (the “Board”) in the City of Ruston, Parish of Lincoln, Louisiana. The Facilities have been leased to the Board on behalf of the University and are owned by the Corporation while the Bonds are outstanding and leased to the Board for use by the College. The Bonds will be secured solely by payments made by the Corporation pursuant to a First Supplemental Loan Agreement (the “Agreement”) by and between the Corporation and the Authority and will not be payable from any other revenues of the Authority or the State of Louisiana (the “State”) and will not constitute an indebtedness of the Authority or the State within the meaning of any constitutional or statutory limitations of indebtedness. The payments to be made by the Corporation under the Agreement are payable from amounts received by the Corporation from the Board pursuant to the lease of the Facilities to the Board. Following such public hearing, the Attorney General of the State of Louisiana will be asked to execute an approval certificate granting public approval to such proposed issuance of revenue bonds for the purpose of compliance with Section 147(f) of the Internal Revenue Code of 1986, as amended, and addressing relating matters. The public and interested parties are invited to attend or to submit written comments in advance of the Public Hearing to Steve A. Dicharry, Executive Director of the Louisiana Local Government Environmental Facilities and Community Authority, 8712 Jefferson Highway, Suite A, Baton Rouge, Louisiana 70809.
LOUISIANA LOCAL GOVERNMENT
ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY
BY:/s/ Steve A. Dicharry
Steve A. Dicharry
Executive Director
1td: March 7, 2013

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