Capital Improvement Projects (Lease Financing)

California Lease Revenue Bond Program

There is a "AAA" California Lease Revenue Bond Program available to cities and counties to provide lease financing for various municipal projects. The economics of scale of a pooled issue assure the borrower the lowest possible fixed rate interest cost and low costs of issuance. Smaller borrowings are welcomed by the program and may be accomplished on a cost-effective basis. The program is ideally suited for borrowers with project costs of approximately $1 million to $30 million.

Advantages

• Low issuance costs with fixed-rate, "AAA"-rated structure
• Low interest rate with AAA-rated, tax-exempt, insured lease revenue bonds
• Packaged program with proven, reputable financing team
• Authorized with a single resolution of the participants governing board
• Streamlined online documentation reduces staff time requirement
• Easy refinancing of existing debt, including revenue bonds, leases, loads and certificate of participants (COP's)
• Finance or refinance capital projects for up to 30 years
• Secure interactive documentation available
• Frequent market access

Frequently Asked Questions