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<br />Colorado Educational and Cultural Facilities Authority (CECF A) <br /> <br />http://www . cecfa.org/ <br /> <br /> <br />1 of 1 <br /> <br />Colorado <br />Cultural <br /> <br />ucational and <br />cilities Authority <br /> <br />The Colorado Educational and Cultural Facilities Authority (CECFA), which was created by the <br />Colorado General Assembly, provides financing for colleges, universities, certain secondary <br />schools, charter schools, and other educational institutions, as well as financings for cultural <br />entities. CECFA also permits multistate financings upon the satisfaction of certain <br />requirements <br /> <br />A broad range of facilities can be financed, such as housing facilities, instructional facilities, <br />administration buildings, research facilities, laboratories, auditoriums, dining halls, food <br />service and preparation facilities and recreational facilities. There are generally no limits to <br />the size of the CECFA's financing. <br /> <br />Benefits of CECFA <br /> <br />· Expertise: CECFA has substantial expertise and experience in financing non-profits, <br />and can provide broad technical assistance in all aspects of the bond financing. <br /> <br />· Competitive Fees: The fees charged by CECFA are competitive in the field, and in <br />many cases are less than the comparable cost of hiring or retaining separate <br />consultants. Click here for schedule of fees. <br /> <br />Benefits of Tax Exempt Financing <br /> <br />· Lower Interest Rates: Historically, tax-exempt rates have been 200/0 to 250/0 below <br />taxable rates, which can translate into substantial interest savings over taxable <br />financing. <br /> <br />· Tax Exempt Bonds: CECFA issues tax-exempt revenue bonds, notes, or other <br />obligations and loans the proceeds from the sale of these obligations. By borrowing on <br />a tax-exempt basis rather than funding capital expenditures from internal funds, these <br />savings can, in some cases, be used to fund operations or build endowments. In <br />addition, the liquidity of the borrower is maintained for future contingencies. Click <br />here to find out more about CECFA bonds. <br /> <br />· Uses of Funds: This capital may be used to acquire, construct, reconstruct, repair, <br />alter, improve, extend, own, lease, and dispose of properties and to refinance <br />outstanding obligations. <br /> <br />Contact Us I Application Process &. Deadlines I Emplovment Opportunities <br /> <br />Staff I Working Group I Board I Bond Counsel I Investment Bankers <br /> <br />CECFA is not a state agency and receives no state appropriations <br /> <br />7/7/20084:14 PM <br />