New Jersey Educational Facilities Authority

Information on
Novel Coronavirus

Coronavirus is still active in NJ. Wear a mask. Keep a 6ft. distance in public

NJ Poison Control Center and 211 provide COVID-19 information: Call: 2-1-1; Call (24/7); 1-800-962-1253; Text: NJCOVID to 898-211; More Information: covid19.nj.gov
COVID19 Alert NJDownload COVID Alert NJ app for free today.
Visit covid19.nj.gov/app

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: 7 basis points per series of declining par amount of bonds outstanding

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


Learn More

Back
to top