CSDA Finance Corporation - Financial Programs

Financial Programs

We understand that today more than ever, public agencies are faced with restricted revenues, mandated expenditures and a sluggish economy. This, coupled with the need to repair and maintain an aging and overburdened infrastructure, has local governments looking for effective ways to address the financing of capital improvement projects. Through our various financial programs, the CSDA Finance Corporation is able to provide affordable financing solutions for capital improvement programs and other municipal financings.

CLICK ON A LINK BELOW FOR MORE INFORMATION:

Certificates of Participation
Lease-Purchase Finance
Refinance

Certificates of Participation

Benefits of Certificates of Participation
- Tax-Exempt Interest Rate
- Pooled or Single Issues
- Level Payment Plan
- Enhanced Revenues
- Reduced Costs of Issuance
- Personalized and Responsive Customer Service

Certificates of Participation - Single Issuers
Certificates of Participation (COPs) are available to single issuers who can benefit from the flexibility and responsiveness of the program for borrowings of sufficient size. CSDA Finance Corporation together with its financial consulting team, raises funds to finance the district's projects through a public offering to investors. In return, those investors receive either a security interest in the asset and a stream of payments (principal repayment at maturity and semi-annual interest), or a first lien and pledge from a certain revenue source and a stream of payments, both mechanisms for which the interest portion is exempt from federal and California income taxation.

Certificates of Participation - Pooled Transaction
Certificates of Participation (COPs) financing is most frequently structured as a pooled transaction. Benefits of the COP Program include competitive interest rates, level payments which enable the district to spread the cost of financing the asset or project evenly over its useful life, and ownership of the asset.

By combining a number of special districts into a pooled COP transaction, CSDA Finance Corporation's program allows each participant to share the advantages afforded by economies of scale, low front-end costs, and CSDA Finance Corporation's established creditworthiness and name recognition in the tax-exempt capital market place. Post issuance, CSDA Finance Corporation monitors a district's outstanding obligations to determine refinancing the debt to a lower interest rate, thereby further reducing annual payments.

Lease-Purchase Finance

Lease-purchase financing is becoming an increasingly important element in the financial management strategies of local governments. Nationwide, the annual dollar volume of lease-purchase obligations has grown from $700 million in 1980 to an estimated $8 billion in 2000. As it has grown, the lease-purchase market has also evolved to address a variety of funding needs and institutional constraints. To assist public officials and staff to understand the state of lease-purchase financing, these are some fundamental questions that are most frequently raised on this subject.

Benefits of the Lease Installment Purchase Financing
- No Upfront Costs or Fees
- Simplified Documentation
- Tax-Exempt Interest Rates
- Flexible Payment Terms
- Personalized and Responsive Customer Service

Lease Installment Purchase Financing Overview
- Lease purchase financing is a credit purchase
- Lease purchase financing is essentially a loan - lease payment schedule
- Lease purchase financing used to purchase equipment: furniture, fire trucks, computers - Lease purchase financing used to fund construction and real property

Refinance Program

Why Refinance?
The financial markets are ever in flux. Interest rates constantly rise and decline. Similar to refinancing of a home mortgage, refinancing of public debt allows your agency to replace your existing high-interest obligations with low-interest loans currently available in the financial marketplace without increasing your overall debt burden. Now that's budgetary relief you can use!

CSDA Finance Corporation's experienced team of financial experts can help your agency determine if refinancing is right for you. To learn more about refinancing or other financial options available to your agency, or to apply for a free financing quote, just follow the link at the bottom of this page.

Home page About Us Financial Programs - COP - single/pooled - Lease-purchase finance - Refinance Apply for a quote Resources Contact Us		Financial Programs We understand that today more than ever, public agencies are faced with restricted revenues, mandated expenditures and a sluggish economy. This, coupled with the need to repair and maintain an aging and overburdened infrastructure, has local governments looking for effective ways to address the financing of capital improvement projects. Through our various financial programs, the CSDA Finance Corporation is able to provide affordable financing solutions for capital improvement programs and other municipal financings. CLICK ON A LINK BELOW FOR MORE INFORMATION: Certificates of Participation Lease-Purchase Finance Refinance Certificates of Participation Benefits of Certificates of Participation - Tax-Exempt Interest Rate - Pooled or Single Issues - Level Payment Plan - Enhanced Revenues - Reduced Costs of Issuance - Personalized and Responsive Customer Service Certificates of Participation - Single Issuers Certificates of Participation (COPs) are available to single issuers who can benefit from the flexibility and responsiveness of the program for borrowings of sufficient size. CSDA Finance Corporation together with its financial consulting team, raises funds to finance the district's projects through a public offering to investors. In return, those investors receive either a security interest in the asset and a stream of payments (principal repayment at maturity and semi-annual interest), or a first lien and pledge from a certain revenue source and a stream of payments, both mechanisms for which the interest portion is exempt from federal and California income taxation. Certificates of Participation - Pooled Transaction Certificates of Participation (COPs) financing is most frequently structured as a pooled transaction. Benefits of the COP Program include competitive interest rates, level payments which enable the district to spread the cost of financing the asset or project evenly over its useful life, and ownership of the asset. By combining a number of special districts into a pooled COP transaction, CSDA Finance Corporation's program allows each participant to share the advantages afforded by economies of scale, low front-end costs, and CSDA Finance Corporation's established creditworthiness and name recognition in the tax-exempt capital market place. Post issuance, CSDA Finance Corporation monitors a district's outstanding obligations to determine refinancing the debt to a lower interest rate, thereby further reducing annual payments. Lease-Purchase Finance Lease-purchase financing is becoming an increasingly important element in the financial management strategies of local governments. Nationwide, the annual dollar volume of lease-purchase obligations has grown from $700 million in 1980 to an estimated $8 billion in 2000. As it has grown, the lease-purchase market has also evolved to address a variety of funding needs and institutional constraints. To assist public officials and staff to understand the state of lease-purchase financing, these are some fundamental questions that are most frequently raised on this subject. Benefits of the Lease Installment Purchase Financing - No Upfront Costs or Fees - Simplified Documentation - Tax-Exempt Interest Rates - Flexible Payment Terms - Personalized and Responsive Customer Service Lease Installment Purchase Financing Overview - Lease purchase financing is a credit purchase - Lease purchase financing is essentially a loan - lease payment schedule - Lease purchase financing used to purchase equipment: furniture, fire trucks, computers - Lease purchase financing used to fund construction and real property Refinance Program Why Refinance? The financial markets are ever in flux. Interest rates constantly rise and decline. Similar to refinancing of a home mortgage, refinancing of public debt allows your agency to replace your existing high-interest obligations with low-interest loans currently available in the financial marketplace without increasing your overall debt burden. Now that's budgetary relief you can use! CSDA Finance Corporation's experienced team of financial experts can help your agency determine if refinancing is right for you. To learn more about refinancing or other financial options available to your agency, or to apply for a free financing quote, just follow the link at the bottom of this page.