Notice of Public Hearing Regarding Plan of Finance

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 AGNES SCOTT COLLEGE, INC. 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 15th day of March, 2019, at 11:00 a.m., at the law offices of Alston & Bird LLP, One Atlantic Center, 1201 West Peachtree Street, 49th Floor, Atlanta, Georgia 30309, regarding a plan of finance (the "Plan of Finance") proposed by Agnes Scott College, Inc., a Georgia non profit corporation (the "College"), involving the issuance by the Private Colleges and Universities Authority (the "Issuer") of its revenue bonds from time to time in one or more series in an aggregate principal amount of up to $40,000,000 (the "Bonds") (in addition to any other obligations presently outstanding of the Issuer) for the benefit of the College. The proceeds of the Bonds will be loaned to the College for the purpose of (i) refunding all or a portion of the Private Colleges and Universities Authority Revenue Refunding Bonds (Agnes Scott College), Series 2009 issued in the original aggregate principal amount of $41,765,000 (the "Series 2009 Bonds"); (ii) refunding all or a portion of the Private Colleges and Universities Authority Revenue Bonds (Agnes Scott College), Series 2015B issued in the original aggregate principal amount of $17,365,000 (the "Series 2015B Bonds" and, together with the Series 2009 Bonds, the "Refunded Obligations"); and (iii) paying all or a portion of the costs of issuing the Bonds. The Refunded Obligations were issued to refund certain prior obligations issued for the benefit of the College which were issued to finance or refinance, in whole or in part, the costs of the acquisition, renovation, expansion, construction and equipping of one or more facilities for higher education, including facilities for the housing of students, and related capital projects (the "Educational Facilities"). The Educational Facilities are located at 141 East College Avenue, 339 East College Avenue, 144 West College Avenue, 124 West College Avenue, 132 West College Avenue, and 138 West College Avenue, Decatur, Georgia 30030. The owner and operator of the Educational Facilities financed or refinanced by the Bonds is the College. 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 the College pursuant to one or more loan agreements to be entered into between the Issuer and the College 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 Educational Facilities financed or refinanced by the Bonds may appear at the Hearing and be heard. Persons wishing to express their views regarding the issuance of the Bonds may appear at the Hearing or may submit their views in writing. Written comments should be submitted to the Private Colleges and Universities Authority, c/o Alston & Bird LLP, One Atlantic Center, 1201 West Peachtree Street, Atlanta, Georgia 30309, Attention: Amber Pelot, Esq., and should be mailed in sufficient time to be received before 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 2-25/2019