Notice of Public Hearing- The Paine College

Notice of Public Hearing- The Paine College NOTICE OF PUBLIC HEARING ON THE ISSUANCE BY THE PUBLIC FINANCE AUTHORITY OF NOT TO EXCEED $27,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS HIGHER EDUCATION FACILITIES REVENUE BONDS (THE PAINE COLLEGE PROJECT), SERIES 2026 (IN ONE OR MORE SERIES) 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 hearing officer of Augusta, Georgia (the "Consolidated Government") will hold a public hearing (the "Hearing") on the 10th day of March, 2026, at 10:30 a.m., via teleconference in accordance with Revenue Procedure 2022-20 (Dial In: 888-788-0099 and Meeting ID: 845 5307 5536), with respect to the proposed issuance by the Public Finance Authority, a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended (the "Issuer") of the Issuer's Higher Education Facilities Revenue Bonds (The Paine College Project), Series 2026 (the "Bonds"), in one or more series, in an amount not to exceed $27,000,000 to finance and refinance the Project (as defined below). The Bonds are expected to be issued by the Issuer and the proceeds thereof loaned to The Paine College, a Georgia nonprofit corporation ("the Borrower") and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code") to (i) establish a working capital program (the "Working Capital Project"), (ii) refinance obligations incurred in respect of (A) the acquisition, construction, renovation and equipping of certain facilities on the campus of the Borrower (the "Refunded Projects") and (B) the operation and maintenance of the Borrower and its related facilities, as the case may be (the "2026 Project" and, collectively with the Working Capital Project and the Refunded Projects, the "Project"), (iii) fund a liquidity reserve for the Bonds, (iv) fund a debt service reserve fund for the Bonds, and (v) pay certain costs of issuing the Bonds. The Bonds will be special limited obligations of the Issuer payable solely from the loan repayments to be made by the Borrower to the Issuer, and certain funds and accounts established by the trust indenture for the Bonds. The Consolidated Government will have no liability for the repayment of the Bonds. The Project is located on the main campus of the Borrower within Augusta-Richmond County in the State of Georgia in the area bounded by 15th Street, Laney Walker Blvd, Druid Park Ave, and Central Ave. The Project is owned and operated by the Borrower and/or exclusively benefits the operation of the Borrower, as the case may be. The Borrower's administrative offices are located at 1235 15th Street, Augusta, Georgia 30901. Any person interested in the proposed issuance of the Bonds to finance and refinance the Project (as the case may be) pursuant to the purposes stated above may appear and be heard. Oral comments will be limited to 10 minutes per speaker. A person wishing to speak at the hearing will be asked to provide his or her name, address and the person(s) or entity(ies) he or she represents, if any, prior to speaking. THE CONSOLIDATED GOVERNMENT 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. AUGUSTA, GEORGIA __________________________ February 24 2026 LGSC0463834