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| TESTIMONIALS
"As the Camden County Municipal Utilities Authority's Deputy Executive Director for the past nine years and as its Grants/Loans Administrator for the past nineteen years, I have been personally involved in all of the CCMUA's financings through the New Jersey Environmental Infrastructure Trust, since the first one we did in 1987. From a simple arithmetic point of view, the Trust's ability to offer loans at half the market rate has made it, by far, the most cost-effective financing option for relatively sizable construction projects. In addition, I have personally found that the NJDEP, the Trust's technical partner, to be consistently helpful throughout the application, design and construction project. I can honestly say that I never found applying to the Trust any more onerous than applying for conventional financing. Moreover, I found that having the NJDEP as an inspection partner during the construction phase gave me another pair of experienced eyes, at no additional cost, looking out for my interests. In short, I would not hesitate to recommend the NJ Environmental Infrastructure Trust Financing Program to municipal entities looking to undertake a relatively sizable construction project." Andrew Kricun, P.E. Deputy Executive Director/ Chief Engineer Camden County Municipal Utilities Authority "The most attractive aspect of the program was the savings the Authority would realize in reduced interest. As you know, the Authority received an interest rate 50 percent below market due to the structure of the project and trust/fund program. We are pleased with this rate and the savings that are passed on to the users of the system." Henry J. Greenmeir, Executive Director "Members of your staff assigned to New Brunswick were not only helpful and courteous in answering routine questions, but actually went out of their way to accommodate special problems and coordinate with other state agencies and departments." Thomas A. Weingartner, City Engineer "As a participant in the refinancing, I can say that the process instituted was not burdensome and well worth the effort. As you know, running local government is becoming more costly and any attempt to save tax dollars is appreciated." Joseph V. Cara, Township Administrator
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