FINANCIAL_SERVICESAPPROVED

New Jersey Institute of Technology Resolution 2025-41 Issuance of General Obligation Bonds

DTC Designated for Book-Entry Services on NJIT Bonds

New Jersey Institute of TechnologyTHE DEPOSITORY TRUST COMPANY (DTC)April 21, 2025

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Description

New Jersey Institute of Technology board authorized execution of documents with The Depository Trust Company to enable book-entry registration for the 2025 Series A General Obligation Bonds. This allows the bonds to be traded electronically via DTC's system.

Contract Details

Vendor

THE DEPOSITORY TRUST COMPANY (DTC)

Agency

New Jersey Institute of Technology, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

April 21, 2025

Contract Term

From bond issuance date through duration of book-entry registration (up to July 1, 2056)

Renewal Date

2056-07-01

Renewal Info

Ongoing as long as bonds are eligible for book-entry through DTC; applies through the lifecycle of the bonds.

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Issuing Agency

New Jersey Institute of Technology

Higher Ed

New Jersey Institute of Technology, NJ

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Vendor