过程概述

We provide affordable capital financing for nonprofit educational and cultural facilities in Colorado and  beyond. 潜在借款人, bond underwriters and 债券的法律顾问 may find it useful to contact CECFA in advance of filing an application if there are questions concerning the eligibility of a borrower, the structure of a particular transaction or other preliminary issues. We especially urge you to call us if your project is not in Colorado.

申请过程

We strive to make the application process as streamlined as possible. 请随意 申博TGP馆游戏 随时有问题.

开始时,请遵循以下步骤:

  1. Consult with your Financial Advisor and/or Investment Banker and review our 融资的指导方针. Contact CECFA with any questions about your eligibility prior to applying, 特别是如果你的项目在申博官游戏下载以外.
  2. Schedule the TEFRA hearing prior to the targeted CECFA meeting.
  3. 完成一个 在线申请. (注:适用于特许学校申请人, you will want to fill out the Charter School 应用程序; for all other applicants, 一般的应用程序.)

应用程序s are due no later than the Tuesday 11 days before the board meeting. Click here to see our schedule of application deadlines.

 

All legal and financial documentation supporting the transaction must be in substantially final form and included with the application (to be uploaded via the online form).

应用程序s must be accompanied by a non-refundable $5,000元申请费支票, 付款给CECFA. This amount is credited toward the 最初的 Fee charged by CECFA when the transaction closes. 小借款人 申请需要7500美元的申请费.  没有额外的初始费用将被收取, unlike regular transactions which are calculated on an increasing sliding scale based on the dollar value of the transaction.

CECFA要求应用程序, 最初的, and Annual Fees for all transactions  except for charter schools financed through the Moral Obligation credit enhancement program.  Moral Obligation charter schools pay CECFA 应用程序 and 最初的 Fees, but not Annual Fees because such schools must pay Annual Fees to the state of Colorado.

点击这里查看我们完整的费用表

CECFA has arranged a discounted subscription for its borrowers to engage with Digital Assurance Corporation for assistance with post issue compliance reporting. 点击此处查看新借款人的DAC信息. 请按此浏览现有借款人的DAC信息. 报名请申博TGP馆游戏丽莎·奥尔森 lolsen@dacbond.com.

董事会审批流程

被考虑参加CECFA的月度会议, CECFA must receive an application along with substantially complete financing documentation and the application fee by the application deadline.

点击这里 全年的申请截止日期.

A TEFRA hearing should be completed and the State Treasurer’s TEFRA approval be signed prior to the Board’s review and approval. 安排听证会, Bond Counsel should e-mail the Executive Director with a suggested date and time. 在听证会那天, Bond Counsel should e-mail the Executive Director the report of hearing with instructions as to the number of copies they would like. At the present time, the Colorado State Treasurer signs the TEFRA approval on behalf of the Governor. You should anticipate at least a two-week turnaround time for that signature.

CECFA staff produce a Project Summary for the CECFA Board from the application documents. The Project Summary includes general information about the borrower and the transaction. The Project Summary is shared with the Borrower in advance of the CECFA meeting.

The borrower is highly encouraged to attend the meeting. A representative of the investment banking firm involved in the financing, 债券的法律顾问, 以及借款人的财务顾问, 也应该参加会议吗, but may participate by telephone if travel from out-of-state would be required.

The borrower and/or its representatives will be asked to make a 5-10 minute presentation that will touch on:

  • 借款人及其经营简史
  • A description of the facilities which would be financed through the proposed borrowing
  • 简要讨论对这些设施的需求
  • It is not necessary to bring handouts or media presentations unless they would clarify the presentation.

借款人交单后, the CECFA Board and staff may have a few questions before discussing and voting on the Financing Resolution. The Financing Resolution sets out the parameters and terms of the transaction and authorizes CECFA to issue bonds.

这个过程大约需要15分钟, but does occur as part of the monthly meeting with other agenda items, so the deal team should expect to commit an hour or two.

For those attending the meeting, a catered lunch will be provided.

一旦收到申请, the Executive Director will send a 初步协议 to the borrower. The 初步协议 describes the responsibilities and fees of CECFA and the responsibilities of the borrower. The agreement must be signed and returned in order for CECFA to continue working on the transaction.

Once the Financing Resolution is approved, the closing documents can be executed. Closings should be coordinated through the Executive Director.

If you are interested in borrowing through CECFA, the legal requirements are set forth in our 融资的指导方针. 更多信息请参见我们的 程序的指导方针.

CECFA’s Board of Directors meets the fourth Wednesday of the month, 十一月和十二月除外. These two meetings are combined into one, held in early December.