Tax Exempt 501 (C) (3)Bonds

501 (c) (3) non-profit organizations can utilize the Port Authority for tax-exempt financing. All 501 (c) (3) non-profit organizations are eligible for tax-exempt financing for capital improvements, including buildings, building improvements, and equipment as long as their projects satisfy federal tax rules for tax-exempt 501 (c) (3) bonds. Specifically, 95% of the proceeds of any tax-exempt 501 (c) (3) bonds must be used to pay the costs of capital improvements owned and operated by the 501 (c) (3) non-profit organization.