NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE OF CHARTER SCHOOL REVENUE BONDS BY THE ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY NOTICE IS HEREBY GIVEN that on Wednesday, June 3, 2026, at 9:00 am or as soon thereafter as the matter can be heard, a public hearing, as required by and in compliance with the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code") and Section 115C-218.37 of the North Carolina General Statutes, as amended, will be held by the designated hearing Officer of the Superintendent of Public Instruction of the State of North Carolina (the "Superintendent"), with respect to the proposed issuance of Charter School Revenue Bonds (the "Bonds"), issued in one or more series or issuances, on a tax-exempt or taxable basis, as part of a plan of finance in an aggregate maximum stated principal amount not to exceed $17,000,000.00 by the Arizona Industrial Development Authority (the "Authority"), a nonprofit corporation designated as a political subdivision of the State of Arizona ("AZIDA") or by another authorized issuer of tax-exempt bonds (an "Alternate Issuer"), in either case, to be issued pursuant to a plan of financing within the meaning of Section 147(f)(2)(C) of the Code. The Bonds are expected to be issued pursuant to the Industrial Development Financing Act, Title 35, Chapter 5, Sections 35-701 et seq., Arizona Revised Statutes, as amended (the "Act") and to be part of a larger issuance of bonds for the benefit of multiple charter schools in multiple states. The proceeds from the sale of the larger issuance of bonds will be loaned to Equitable Facilities Fund, Inc., a Delaware nonstock corporation described in Section 501(c)(3) of the Code ("EFF"), or Equitable School Revolving Fund, LLC, a Delaware limited liability company affiliate of EFF that is disregarded for federal tax purposes (together with EFF, the "Lender"). The proceeds from the sale of the Bonds will finance a loan, among other things, by the Lender to Healthy Start Education, Inc. d/b/a Durham Charter School (the "Corporation"). The Corporation is a duly organized and validly existing North Carolina nonprofit corporation and an organization described in Section 501(c)(3) of the Code. The proceeds of the loan to be made by the Lender will be used to (1) finance and refinance the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and/or equipping of the charter school educational facilities located at 5510 Wake Forest Highway and 4621 Kemp Road, Durham, NC 27703 in an amount not to exceed $17,000,000 (the "Project"), and (2) pay costs associated with the closing of the loan. The Project is owned by the Corporation, as the principal user of the Project, for use and operation as a public charter school in the City of Durham, in Durham County, North Carolina. The Bonds will be special limited obligations of AZIDA or the Alternate Issuer payable solely from the loan repayments to be made by the Lender to AZIDA or the Alternate Issuer, respectively, and certain funds and accounts established by the bond indenture for the Bonds. The principal of and interest on the Bonds will not constitute obligations of the Corporation, the State of North Carolina, or any county, municipal corporation or political subdivision of the State of North Carolina, including Durham County, North Carolina, of AZIDA or the State of Arizona, or by the Alternate Issuer or the state or political subdivision on behalf of which it issues bonds. The Bonds will not constitute a debt or a loan of credit or a pledge of the full faith and credit or taxing power of the State of North Carolina, or any county, municipal corporation or political subdivision of the State of North Carolina, including Durham County, North Carolina, of AZIDA or the State of Arizona, or of the Alternate Issuer or the state or political subdivision on behalf of which it issues bonds, within the meaning of any state constitutional provision or statutory limitation and shall never constitute or give rise to a pecuniary liability of the State of North Carolina, AZIDA or the State of Arizona, or the Alternate Issuer or the state or political subdivision on behalf of which it issues bonds. The public hearing will be held in Room 120B at the North Carolina Department of Public Instruction building located at 301 N. Wilmington Street, Raleigh, North Carolina. It will provide an opportunity for all interested persons to express their views on the issuance of the Bonds and the financing of the Project. Any person interested in the issuance of the Bonds may provide oral comments in person at the public hearing. Any person wishing to submit written comments must do so no later than 9:00 a.m. on the day of the hearing by delivering such written comments to the Director of the Office of Charter Schools, 6307 Mail Service Center, Raleigh, North Carolina 27699-6307. This notice is given pursuant to the provisions of Section 147 of the Code and the Act. Additional information concerning the Project may be obtained from the School at its current mailing address of 4621 Kemp Road, Durham, North Carolina 27703, Attention: Alex Quigley. Maurice "Mo" Green, Superintendent of Public Instruction, State of North Carolina May 21, 2026 [To be published in The News and Observer no less than 7 days prior to the hearing] IPL0343092 May 27 2026