NJEFA

Dormitory Safety Trust Fund:
(statute)

Outstanding Debt

Enacted in 2000, the Dormitory Safety Trust Fund Act was created in response to a tragic dormitory fire at Seton Hall University. The Authority was given authorization to administer up to $90 million in State-supported bond financing to provide zero and low interest loans for the installation of fire suppression systems in all student residence buildings at public and private colleges and universities in New Jersey, as well as secondary, boarding and military schools. In August of 2001, the Authority sold $73.8 million in bonds to finance a portion of the $90 million authorization, which provided loans to 27 institutions. On October 9, 2003, the Authority closed the second series of bonds in the amount of $5,440,000, which provided loans to 12 institutions.

Issue	Maturity	Interest Rate	Principal	Outstanding as of 03/31/08
2001 A	03/01/2016	4.25%-5.25%	$67,970,000	$38,840,000
2001 B	03/01/2016	6.0%-6.25%	$5,800,000	$3,310,000
2003 A	09/01/2011	3.6% - 4.2%	$12,620,000	$3,680,000
		Total	$86,390,000	$45,830,000

Original Loan Amounts
Series 2001 A
Institution	Allocation
The College of New Jersey	$926,139
Kean University	$1,498,000
Montclair State University	$1,100,000
New Jersey City University	$649,027
Ramapo College of New Jersey	$963,636
Richard Stockton College of New Jersey	$3,453,000
Rowan University	$7,720
William Paterson University	$229,229
Rutgers, The State University	$28,555,753
Bloomfield College	$286,126
Caldwell College	$474,000
Centenary College	$780,000
College of Saint Elizabeth	$509,235
Rider University	$1,500,000
Princeton University	$11,650,751
Monmouth University	$370,000
Georgian Court College	$258,850
Felician College	$135,000
Fairleigh Dickinson University	$2,513,999
Drew University	$5,139,016
Purnell	$249,250
Blair Academy	$462,849
Hun School	$894,193
The Peddie School	$332,100
Stevens Institute of Technology	$1,190,000
Seton Hall University	$2,880,290
Saint Peter's College	$960,000

Series 2001 B (Federably Taxable)
Stevens Institute of Technology	$10,000
Seton Hall University	$1,532,354
Rutgers, The State University	$455,222
William Paterson University of New Jersey	$1,226,316
Rowan University	$1,773,000
New Jersrey City University	$438,178
The College of New Jersey	$304,372
The Peddie School	$62,300

Series 2003 A*
Kean University	$161,608
Ramapo College of New Jersey	$1,869,000
Rowan University	$3,213,000
Richard Stockton State College of New Jersey	$797,800
The College of New Jersey	$3,108,000
Brookdale County College	$823,204
Camden County College	$894,474
Gloucester County College	$1,073,668
Warren County College	$448,668
Fairleigh Dickinson University	$167,501
Stevens Institute of Technology	$66,070