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      <TravelEntrtnmntPublicOfficials>
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      <PaymentsToAffiliates>
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        <Explanation>The Presidnt was paid in accordance with a written Contract.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="00000008" softwareId="12000225">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NJ EDUCATIONAL FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>221829511</IssuerEIN>
        <CUSIPNumber>64605KLBW</CUSIPNumber>
        <DateIssued>2003-01-28</DateIssued>
        <IssuePrice>14775000</IssuePrice>
        <DescriptionOfPurpose>Renovation/Refund O/S Revenue</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <BondReferenceCd>B</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NJ EDUCATIONAL FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>221829511</IssuerEIN>
        <CUSIPNumber>000000000</CUSIPNumber>
        <DateIssued>2007-03-15</DateIssued>
        <IssuePrice>4784617</IssuePrice>
        <DescriptionOfPurpose>Paydown of Construction Loan</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <BondReferenceCd>C</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NJ EDUCATIONAL FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>221829511</IssuerEIN>
        <CUSIPNumber>000000000</CUSIPNumber>
        <DateIssued>2006-10-16</DateIssued>
        <IssuePrice>9154113</IssuePrice>
        <DescriptionOfPurpose>Paydown of Construction Loan</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <BondReferenceCd>D</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NJ EDUCATIONAL FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>221829511</IssuerEIN>
        <CUSIPNumber>000000000</CUSIPNumber>
        <DateIssued>2010-12-15</DateIssued>
        <IssuePrice>13974000</IssuePrice>
        <DescriptionOfPurpose>Current refunding of construct</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <AmountRetired>5330000</AmountRetired>
        <TotalProceeds>14914350</TotalProceeds>
        <CapitalizedInterest>389497</CapitalizedInterest>
        <IssuanceCostsFromProceeds>295500</IssuanceCostsFromProceeds>
        <CreditEnhancement>169554</CreditEnhancement>
        <WorkingCapitalExpenditures>45791</WorkingCapitalExpenditures>
        <CapitalExpenditures>8744009</CapitalExpenditures>
        <OtherSpentProceeds>5270000</OtherSpentProceeds>
        <YearOfSubstCompletion>2006</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <BondReferenceCd>B</BondReferenceCd>
        <AmountRetired>403817</AmountRetired>
        <TotalProceeds>4784617</TotalProceeds>
        <IssuanceCostsFromProceeds>93590</IssuanceCostsFromProceeds>
        <CapitalExpenditures>352771</CapitalExpenditures>
        <OtherSpentProceeds>4338256</OtherSpentProceeds>
        <YearOfSubstCompletion>2007</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <BondReferenceCd>C</BondReferenceCd>
        <AmountRetired>577500</AmountRetired>
        <TotalProceeds>9154113</TotalProceeds>
        <IssuanceCostsFromProceeds>140223</IssuanceCostsFromProceeds>
        <OtherSpentProceeds>9013990</OtherSpentProceeds>
        <YearOfSubstCompletion>2006</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <BondReferenceCd>D</BondReferenceCd>
        <AmountRetired>484000</AmountRetired>
        <TotalProceeds>13974000</TotalProceeds>
        <IssuanceCostsFromProceeds>165025</IssuanceCostsFromProceeds>
        <OtherSpentProceeds>13808990</OtherSpentProceeds>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>true</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondIssMeetPrvtSecurityPayTest>true</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>false</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>B</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>true</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondIssMeetPrvtSecurityPayTest>true</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>false</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>C</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>true</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>true</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondIssMeetPrvtSecurityPayTest>true</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>false</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>D</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>true</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>true</MngmentCntrctBondFinancdPrprty>
        <EngageBondCounselContracts>true</EngageBondCounselContracts>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondIssMeetPrvtSecurityPayTest>true</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>false</ChangeInUseBondFinancedProp>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>B</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>C</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>D</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartVI>
        <Explanation>Commerce Bank, National Association Date February 16, 2006</Explanation>
      </Form990ScheduleKPartVI>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="00000009" softwareId="12000225">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>NORMAN WORTH</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <DescriptionOfTransaction>Board Member of our Bank</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>MIKE LAVERY</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>12980</AmountOfTransaction>
        <DescriptionOfTransaction>Partner, Courter Kobert &amp; Cohen</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>NORMAN WORTH</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Board Member</Relationship>
        <AmountOfTransaction>30375</AmountOfTransaction>
        <DescriptionOfTransaction>Centenary College Purchase Adv</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="00000010" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 2</Identifier>
        <Explanation>Centenary College has multiple trustees from the same family on it's Board.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>Form 990 is prepared externally and reviewed by the CFP/COO</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Each officer, Director, Trustee and key employee is required</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>to annually disclose any and all conflicts of interest that</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>may arise by virtue of their employment or position with</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>the college. Centenary College monitors compliance with</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>its conflict of interest policy through an annual questionnaire</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>submitted to said individuals. Any potential conflicts are</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>investigated.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>Centenary College undertakes a rigorous process to ensure</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15b</Identifier>
        <Explanation>that executive compensation paid to top managment officials and all</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>officers (and Key employees) of the organization is reasonable</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>In relevant part, the board of trustees has establised a compensation</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>committee comprised of independent perosn that have no personal</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>interest in the proposed compensation arrangement.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>