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Title: Post-Issuance Tax-Exempt Bond Compliance
Subject: Accounting Services
Policy No: FIN: 2015:12
Applies: University-Wide
Issuing Authority: President
Responsible Officer: Senior Vice President for Finance and CFO
Adopted: 12/01/2015
Last Revision: 0904/3006/20162022
Last Reviewed:11 08/3023/20222024
I. PURPOSE
This policy provides the general guidelines and procedures the University follows to remain in compliance with Internal Revenue Service (IRS) requirements pertaining to Tax-Exempt Bonds (TEBs), as well as with the documents executed by the University in connection with the issuance of TEBs by the New Jersey Educational Facilities Authority (NJEFA), Gloucester County Improvement Authority (GCIA) and Camden County Improvement Authority (CCIA) for the benefit of the University.
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Under the direction of the President, the Senior Vice President for Finance and CFO shall implement this policy and the Controller and AVP of Finance and Controller shall ensure compliance with the policy.
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