William Paterson University Awards Financial Services Contract to New Jersey Educational Facilities Authority (November 2025)

The Board approved Resolution 11-25-4 authorizing the New Jersey Educational Facilities Authority to refund all or part of William Paterson University’s Series 2015 C and 2016 E revenue bonds through new refunding bonds not to exceed $85 million. University officers were empowered to execute a lease or loan agreement and all necessary documents, subject to at least $1 million in aggregate gross savings.

Document date · November 21, 2025

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $85,000,000

Contract type

FINANCIAL_SERVICES

Renewal

Refunding of existing Series 2015 C and 2016 E bonds via new refunding bonds; minimum aggregate gross savings requirement of $1 million.

Document type

Minutes

Source document

William Paterson University Board of Trustees Minutes 2025-11-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by William Paterson University?

New Jersey Educational Facilities Authority was awarded this financial services contract by William Paterson University, as recorded on November 21, 2025. The contract value is Not to exceed $85,000,000.

How much is the New Jersey Educational Facilities Authority contract with William Paterson University worth?

The New Jersey Educational Facilities Authority contract with William Paterson University is valued at Not to exceed $85,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in William Paterson University Board of Trustees Minutes 2025-11-21 (Minutes), dated November 21, 2025 from William Paterson University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Jersey Educational Facilities Authority hold?

New Jersey Educational Facilities Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Jersey Educational Facilities Authority's profile

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