The Authority is delegated the responsibility for issuing bonds and notes to provide funds (1) to make loans to state institutions of higher learning to construct income-producing facilities and (2) to make funds available to the Tennessee Student Assistance Corporation for student loans under the Guaranteed Student Loan Program. The Authority is also responsible for the administration of the Qualified Zone Academy Bond program for the State.

As of June 1, 2006, the Authority's outstanding debt for Higher Education Facilities program was $465,589,266.80 in bonds and $129,046,000 in commercial paper. The Authority's Qualified Zone Academy Bond program outstanding debt was $57,210,000 in bonds. The paying agent information for debt issued in certificate form is as follows:

For payment of bond certificates:

1.  Submit the certificates via certified or registered mail to:

    Regions Bank
    Corporate Trust Operations
    250 Riverchase Parkway East
     Hoover, Alabama 35244
    Toll Free: 1-866-512-3479
     Fax: 1-205-560-5589

2.  Submit the certificates via hand delivery to:

    Regions Bank
    Corporate Trust Services
    315 Deaderick Street, 4th Floor
    Nashville, Tennessee 37237
    Phone: 615-770-4358
    Fax: 615-770-4350

For questions regarding the bond certificates, contact Paul Williams at (615) 770-4358.