PUBLIC NOTICE - - - NOTICE OF INTENTION TO ISSUE BONDS NOTICE IS HEREBY GIVEN that the State Bond Commission (the "Commission") intends to issue not exceeding $425,000,000 of State of Louisiana General Obligation Refunding Bonds, Series 2026-B (the "Bonds"). The Bonds are being issued for the purpose of providing the funds necessary to refund a portion of the State's outstanding general obligation bonds (the "Refunded Bonds") and to pay costs of issuance of the Bonds. The Bonds shall constitute general obligations of the State of Louisiana (the "State") and the full faith and credit of the State shall be pledged to secure the Bonds. The Bonds shall additionally be secured by and are payable from monies pledged and dedicated to and paid into the Bond Security and Redemption Fund created and established in the State Treasury, subject to prior contractual obligations as provided in Article VII, Section 9 of the Louisiana Constitution of 1974. The Bonds shall be payable on a parity with all bonds or other obligations heretofore and hereafter issued which are secured by the Bond Security and Redemption Fund. The Bonds shall be issued pursuant to a resolution adopted by the State Bond Commission on April 16, 2026, as supplemented by a supplemental resolution to be adopted on such date, time, and/or place as may be determined by the Chairman or Secretary of the State Bond Commission (expected to be May 21, 2026) (collectively, the "Resolution"). The Bonds shall be dated as set forth in the Resolution, shall be issuable initially as fully registered bonds in the denominations, shall mature not later than September 1, 2039, and shall be subject to redemption, all as set forth in the Resolution and as set forth in the Certificate of Determination referred to in the Resolution. The Bonds shall bear interest at such rate or rates as set forth in the Resolution. The principal of the Bonds shall be payable upon maturity or redemption to the registered owner upon presentation and surrender of such Bonds at the delivery office of the Paying Agent/Registrar to be appointed by the Treasurer. Interest on the Bonds shall be paid by check or draft dated as of each interest payment date by the Paying Agent/Registrar and mailed on the interest payment date to the person in whose name a Bond is registered at the close of business on the record date or sent by wire as provided in the Resolution. The transfer of the Bonds may be made at the principal corporate trust office of the Paying Agent/Registrar. The Bonds shall carry an effective interest rate lower than that borne by the Refunded Bonds and shall result in a net savings to the State after payment of all associated costs. The State Treasurer shall certify on the date of issuance of the Bonds, pursuant to the provisions of Article VII, Section 6 of the Louisiana Constitution, that the effective interest rate on the Bonds is a lower effective interest rate than the effective interest rate borne by the Refunded Bonds, and such certificate shall be conclusive. The Bonds shall be signed by the facsimile signature of either the State Treasurer, the Assistant Treasurer, or the Secretary of the Commission, and the great seal of the State of Louisiana shall be affixed, imprinted, or reproduced on the Bonds, attested by the facsimile signature of the Secretary of State. The Bonds shall be issued to refund the principal of, premium, if any, and interest on all of the Refunded Bonds. Proceeds of the Bonds shall be used (i) to purchase all or a portion of the Refunded Bonds voluntarily tendered by the holders thereof for purchase by the State, (ii) to purchase, for deposit in an escrow fund (the "Escrow Fund'') established with an escrow trustee to be designated by the Commission, non-callable direct general obligations of the United States of America and/or obligations unconditionally guaranteed in principal and interest by the United States of America, and (iii) to pay costs of issuance of the Bonds. Monies in the Escrow Fund shall be applied to the payment of principal of and interest on certain of the Refunded Bonds to maturity or to the date fixed for redemption. The Bonds are issued pursuant to the provisions of Article VII, Section 6 of the Constitution of the State of Louisiana of 1974 (the "Constitution"), Chapters 14 and 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other statutory or constitutional authority supplemental thereto. Article VII, Section 8 of the Constitution provides that bonds of the State shall not be invalid because of any irregularity or defect in the proceedings or in the issuance and sale thereof and shall be incontestable in the hands of a bona fide purchaser or holder. Said constitutional provision also provides that after thirty (30) days from the date of publication of the notice of intention to issue bonds, such bonds shall be presumed conclusively to be legal and no court shall have authority to inquire into the provisions and proceedings relating to the authorization and issuance of said bonds. The Resolution is available for public inspection at the office of the State Bond Commission, State Capitol Building, 3rd Floor, Baton Rouge, Louisiana, between the hours of 8:00 a.m. and 4:30 p.m. weekdays. STATE BOND COMMISSION Date: April 22, 2026 184905-APR 22-1T $96.51