Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2016
Open to Public
Inspection
Name of the organization
Nova Southeastern University Inc
 
Employer identification number
59-1083502
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A BCEFA (See Part VI)
  		52-1626969 115015FY0 10-23-2008 60,000,000 See Part VI (Series 2008A)   X   X   X
B Town of Davie Florida
  		59-6046527 000000000 08-01-2012 53,633,362 See Part VI (Series 2009)   X   X   X
C HEFFA (See Part VI)
  		90-0058227 34073TCV7 02-15-2011 37,878,793 See Part VI (Series 2011) X     X   X
D HEFFA (See Part VI)
  		90-0058227 34073TFW2 06-05-2012 48,511,454 See Part VI (Series 2012A)   X   X   X
HEFFA (See Part VI)
  		90-0058227 000000000 11-13-2012 34,735,000 See Part VI (Series 2012B)   X   X   X
Town of Davie Florida
  		59-6046527 23867PAC2 12-06-2013 96,174,076 See Part VI (Series 2013A)   X   X   X
Town of Davie Florida
  		59-6046527 23867PAX6 01-03-2014 21,054,435 See Part VI (Series 2013B)   X   X   X
HEFFA (See Part VI)
  		90-0058227 34073TGK7 05-12-2016 103,761,055 See Part VI (Series 2016)   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 4,575,000 12,400,812 11,960,000 4,350,000
2 Amount of bonds legally defeased ..............     10,695,000  
3 Total proceeds of issue .................. 60,000,000 53,633,362 37,878,793 48,511,454
4 Gross proceeds in reserve funds .............     3,229,873  
5 Capitalized interest from proceeds .............        
6 Proceeds in refunding escrows ...............       11,554,376
7 Issuance costs from proceeds ............... 682,472   650,626 737,361
8 Credit enhancement from proceeds ............. 400,684      
9 Working capital expenditures from proceeds .............        
10 Capital expenditures from proceeds ............. 58,916,844 94,990,078 22,278,960 9,000,000
11 Other spent proceeds ............. 34,530,000 53,633,362 13,127,734 38,774,093
12 Other unspent proceeds .............   1,231,048    
13 Year of substantial completion ............. 2008 2012 2011 2012
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? ....   X X   X   X  
15 Were the bonds issued as part of an advance refunding issue? .....   X   X   X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2016

Schedule K (Form 990) 2016
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............   X   X   X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?             X  
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet 1.540 %     2.080 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet        
6 Total of lines 4 and 5 ............. 1.540 %     2.080 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X X     X   X
b Exception to rebate? ........   X   X   X   X
c No rebate due? ......... X     X X   X  
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X     X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2016

Schedule K (Form 990) 2016
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part V
Procedures To Undertake Corrective Action
--------------------------------------------------------------------------------------------------------------- A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Part I, Column (a)Full Name of Bond Issue and (f)Description of Purpose First Group Row A: (a)Broward County Educational Facilities Authority (BCEFA)/Series 2008A (f) Construction of chiller plant and dormitory building Row B: (a)Town of Davie, Florida/Series 2009 (f)On 8/1/12, the Issuer and Trustee amended the Bond Indenture which in turn reduced the interest rate per annum of the bonds. Such amendment resulted in the bonds being "reissued" for federal income tax purposes which resulted in a current refunding of the bonds as of 8/1/12. The proceeds of the original bond issued in 5/29/09 were used for equipping and renovating the University School. Row C: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2011 (f) Refund 2000B bonds issued May 16,2000 and construction of West Palm Beach Student Educational Center Row D: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2012A (f) Refund 2002A/B bonds issued February 6,2002 and to finance technology and related acquisitions Second Group Row A: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2012B (f) Refund the outstanding BCEFA Series 2000A & Series 2004C Bonds issued May 16,2000 and May 12,2004, respectively Row B: (a) Town of Davie, Florida 2013A (f) Construction and equipping of portions of the following, including reimbursement of expenses incurred prior to the issuance of the 2013A bonds: Center for Collaborative Research, Oceanographic Center, Stormwater Management Drainage System and Sports Center II Row C: (a) Town of Davie,Florida 2013B (f) Refund the outstanding BCEFA Series 2004A & Series 2004B Bonds issued on April 1, 2004 Row D: (a)Higher Educational Facility Financing Authority (HEFFA)/Series 2016 (f)Refund the outstanding BCEFA Series 2006 issued on April 12, 2006 and partially refund the HEFFA Series 2011 Bonds issued on February 15, 2011 Part II, Line 3: Total proceeds of Town of Davie, Florida 2013A bond includes investments earnings totaling $47,050.
Schedule K, Part IV Arbitrage, Line 2C: (A) Issuer Name: BCEFA 2008A Date the rebate computation was performed: 10/23/2013 (C) Issue Name: HEFFA 2011 Date the rebate computation was performed: 02/24/2016 (D) Issue Name: HEFFA 2012A Date the rebate computation was performed: 06/14/2017
Schedule K (Form 990) 2016

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