CAB Restructuring Bonds®

An innovative new program that reduces the tax burden on future generations

CAB Restructuring Bonds® allow California school and community college districts to convert costly capital appreciation bonds (CABs) into lower-cost current interest bonds, saving taxpayers millions of dollars in future interest payments.

Although the State legislature prohibited California K-14 districts from issuing long-term capital appreciation bonds with debt ratios of at least 4-to-1, beginning in 2014, the legislation (AB 182) did not address the $3 billion of high-interest capital appreciation bonds already issued by more than 200 districts between 2001 and 2013.

This debt, which will balloon to nearly $20 billion over the next 40 years if left unchecked, falls squarely on the shoulders of future generations of California taxpayers for decades to come. DS&C’s proprietary CAB Restructuring Bonds® help districts mitigate this problem. The program has been successfully implemented and is already saving local taxpayers millions of dollars.

Upcoming and Recent Financings

Select a financing to learn more.

Ed-Tech Bonds®

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Ed-Tech Bonds®

Developed and patented by DS&C, Ed-Tech Bonds® provide a fiscally responsible, ongoing solution to the statewide problem of financing educational technology

Cash Reserve Program

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Cash Reserve Program

Guard against temporary cash flow shortages in a safe, cost-effective way by creating an additional cash reserve to the general fund.

CAB Restructuring Bonds®

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CAB Restructuring Bonds®

CAB Restructuring Bonds® allow districts to convert costly capital appreciation bonds into lower-cost current interest bonds, saving millions.

GO Flex-Bonds®

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GO Flex-Bonds®

GO Flex-Bonds® provide districts with an ongoing source of facility funding with reduced borrowing costs and greater fiscal controls.

GO Reauthorization Bonds®

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GO Reauthorization Bonds®

Avoid stalled GO bond programs by seeking voter approval to keep projects on track without increasing debt.

Win Win

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Win Win

Author Dale Scott demystifies the often complex process of planning, structuring, passing and selling K-14 GO bonds.