PUBLIC NOTICE - - - NOTICE OF INTENTION AND SALE OF BONDS NOT EXCEEDING $60,000,000 LOUISIANA PUBLIC FACILITIES AUTHORITY REVENUE BONDS (SOUTHERN UNIVERSITY - SCOTT’S BLUFF HOUSING PROJECT) NOTICE IS HEREBY GIVEN that not exceeding $60,000,000 principal amount of Louisiana Public Facilities Authority Revenue Bonds (Southern University - Scott’s Bluff Housing Project) (the "Bonds") in one or more series, on a taxable and/or tax-exempt basis, will be sold at private negotiated sale to Raymond James & Associates, Inc. (the Underwriters") by the State Bond Commission (the "Commission") on behalf and at the request of the Louisiana Public Facilities Authority (the "Authority"), at 900 North Third Street, State Capitol Building, Third Floor, Baton Rouge, Louisiana 70802, at eight o’clock (8:00) a.m., Louisiana time, on May 21, 2026, or such other date, time and/or place as may be determined by the Chairman or the Secretary of the Commission and by the Chairman of the Authority. The Bonds may be sold and purchased pursuant to the terms of a bond purchase agreement or contract of purchase to be entered into by and among the Underwriters, Scott’s Bluff Housing, LLC (the "Borrower"), a Louisiana limited liability company whose sole member is the Southern University System Foundation, and the Authority and any other entity determined to be necessary to such agreement or contract. The Bonds may be sold pursuant to the terms of a bond purchase agreement, contract of purchase, private placement agreement, investment agreement and/or investment letter, or loan agreement with the purchaser at a price of not less than 90% of the principal amount thereof (inclusive of Underwriters' discount in an amount not exceeding 3% of the principal amount thereof). Other proposals are hereby invited and upon receipt will be considered, and the proposal most advantageous to the Commission and the Authority will be accepted at the time of the sale. The Commission and the Authority reserve the right to reject any and all proposals and to waive any irregularities in any proposal. The issuance and sale of the Bonds have been duly authorized pursuant to the terms of a resolution adopted by the Authority on March 11, 2026 and a resolution to be adopted by the Authority on May 13, 2026, or such other date as may be determined by the Chairman of the Authority, under the provisions of Chapter 2-A of Title 9 of the Louisiana Revised Statutes of 1950, as amended (the "Act"). The Bonds will be issued in accordance with the provisions of a Trust Indenture (the "Indenture") dated such date as determined by the Authority, entered into between the Authority and Hancock Whitney Bank, Baton Rouge, Louisiana (the "Trustee"), for the purpose of (i) financing the acquisition, construction and furnishing of an approximately 502 bed student housing facility at Southern University and Agricultural and Mechanical College at Baton Rouge (the "University"), including capitalized interest (the "Project"), (ii) funding one or more reserve funds, and (iii) paying the costs of issuance of the Bonds. The Bonds will be dated, mature not later than December 31, 2066 and bear interest at fixed or variable rates not exceeding 8% for tax-exempt bonds, or at fixed or variable rates not exceeding 9% for taxable bonds, all as provided in and subject to the terms and conditions of the Indenture. The Bonds will be subject to optional and mandatory redemption prior to maturity as set forth in the Indenture. The Bonds are issued under and equally secured both as to principal and interest by the Indenture, which Indenture provides a complete description of the pledged property and revenues constituting the Trust Estate (as defined in the Indenture), including rights in a lease with the Board of Supervisors the rent under which is to be paid from General Revenues of the University, the nature and extent of the security, a statement of the terms and conditions on which the Bonds are issued and secured, the rights, duties and obligations of the Authority, the rights, duties and immunities of the Trustee and the rights of the owners of the Bonds. General Revenues of the University includes the funds, income, revenue, fees, receipts or charges of any nature from any source whatsoever on deposit with or accruing from time to time to the University, provided that no such funds, income, revenue, fees, receipts or charges shall be so included which have been or are in the future legally dedicated and required for other purposes by the terms of specific grants, by the terms of particular obligations issued or to be issued (to the extent pledged to pay debt service on such other obligations) or by operation of law, and provided further the full faith and credit of the University is not pledged. General Revenues of the University shall not include funds which are appropriated to or for the University by the Legislature of the State of Louisiana (the "State") from the State's General Fund. The Authority will loan the proceeds of the Bonds to the Borrower pursuant to a Loan Agreement between the Authority and the Borrower (the "Loan Agreement"). The Bonds are limited and special obligations of the Authority and are payable solely out of the income, revenues and receipts derived by the Authority from payments of the Borrower under the Loan Agreement, and from certain other moneys pledged under the Indenture. In connection with the Project and the issuance of the Bonds, the University anticipates entering into (i) a ground lease with the Borrower pursuant to which the Board of Supervisors of the Southern University and Agricultural and Mechanical College (the "Board") will lease certain real property to the Borrower, and (ii) a facilities lease (or similar agreement) pursuant to which the Board will lease the Project from the Borrower (collectively, the "Leases"); and the University's obligations under the Leases are expected to include the payment of rent and other amounts which are sufficient to provide for the payment of debt service on the Bonds. The Bonds are limited and special revenue obligations of the Authority and shall be deemed to have been issued on behalf of the State of Louisiana, the beneficiary of the Authority, and do not constitute or create an obligation, general or special, debt, liability or moral obligation of the State of Louisiana or any political subdivision thereof or personal obligations of the Authority. Neither the full faith and credit nor the taxing power of the State of Louisiana or of any political subdivision thereof is pledged to the payment of principal of or the interest on the Bonds. This Notice of Intention and Sale of Bonds is being published in accordance with the requirements of the Act. For a period of thirty (30) days from the date of publication of this Notice of Intention and Sale of Bonds, any person in interest may contest the legality of this Notice of Intention and Sale, the resolution authorizing the issuance of the Bonds, and provision of the Bonds to be issued pursuant thereto, the legality of the Bonds, the provisions made for the security and payment of the Bonds and the validity of all other provisions and proceedings relating to the authorization and issuance of the Bonds. After said thirty days, no person may contest the regularity, formality, legality or effectiveness of this Notice of Intention and Sale of Bonds, said resolution, any provisions of the Bonds to be issued pursuant to said resolution, the provisions for the security and payment of the Bonds and the validity of all other provisions and proceedings relating to their authorization and issuance, for any cause whatsoever. If no suit, action or proceedings are begun contesting the validity of the Bonds within the thirty days herein prescribed, the authority to issue the Bonds and to provide for the payment thereof, the legality thereof and of all of the provisions of this Notice of Intention and Sale of Bonds, said resolution or other proceedings authorizing the issuance of the Bonds shall be conclusively presumed, and no court shall have authority to inquire into such matters. Persons desiring to submit proposals are requested to contact the State Bond Commission, 900 North Third Street, State Capitol Building, Third Floor, Baton Rouge, Louisiana 70802, Attention: Ms. Lela M. Folse, Director. Further information concerning the Bonds and copies of the Indenture, Loan Agreement and other documents pertaining to the creation of the Authority can be obtained from the Louisiana Public Facilities Authority, 2237 South Acadian Thruway, Suite 650, Baton Rouge, Louisiana 70808. LOUISIANA PUBLIC FACILITIES AUTHORITY By: /s/ Ronald H. Bordelon Chairman Dated: April 30, 2026 185851-APR 30-1T $136