New Jersey Educational Facilities Authority

New Jersey Educational Facilities Authority

Tax-Exempt Leasing Program

Modernized Tax-Exempt Leasing Program

NJEFA’s Tax-Exempt Leasing Program (TELP) offers institutions access to tax-exempt financing to acquire new equipment or replace aging equipment that is essential to operations and academic missions

Leasing Equipment is Cost Effective

Program Overview:

Quicker access to capital compared to traditional bond financings

Appropriate for a wide spectrum of institutional and academic purposes

Simplified issuance process and documentation requirements

Single source for multiple equipment leases

Low-cost

Eligible New Jersey Borrowers:

Two and four year New Jersey institutions are eligible to participate as further defined in NJEFA’s Statute

Fees:

Initial Fees: 20 basis points per series of par amount of bonds issued; capped at $125,000

Annual Fees: 10 basis points per series of declining par amount of bonds outstanding; capped at $85,000 per year

Sample TELP Projects:

Trucks, Buses, Fleet Vehicles

Telecommunications Equipment

Computers & Software

Safety Equipment

Energy Equipment, Boilers, Chillers, HVAC

IT and Security / Equipment

Laboratory and Research Equipment

Medical Equipment

For more information contact

Carl MacDonald
Project Manager
Carl.MacDonald@njefa.nj.gov


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