A TEFRA hearing is mandated by the IRS to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. The TEFRA hearing is held at the offices of the Authority.
The TEFRA notice of public hearing must be published in the daily newspaper of largest circulation in both the project and Authority locations at least 14 days prior to the hearing date. In addition, the TEFRA hearing date must be held prior to CHEFA Board approval.
Minutes of the TEFRA meeting will be available on CHEFA's website following the hearing and will include any materials and any written comments provided by members of the public.