1. $49,999,957
   REDONDO BEACH UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Los Angeles County, California)
2. $45,905,000
   KERN COMMUNITY COLLEGE DISTRICT
   REFUNDING CERTIFICATES OF PARTICIPATION
   (Kern County, California)
3. $8,000,000
   ORLAND JOINT UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Counties of Glenn and Tehama, California)
4. $65,000,000
   STOCKTON UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (San Joaquin County, California)
5. $117,190,000
   GOLDEN EMPIRE SCHOOLS FINANCING AUTHORITY
   2008 LEASE REVENUE REFUNDING NOTES
   (Kern County, California)
6. $7,999,828.50
   ENTERPRISE ELEMENTARY SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Shasta County, California)
7. $9,998,688
   SISKIYOU JOINT COMMUNITY COLLEGE DISTRICT
   GENERAL OBLIGATION BONDS
   (Counties of Siskiyou and Shasta, California)
8. $9,720,000
   PACIFIC GROVE UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Monterey County, California)
9. $40,000,000
   HEMET UNIFIED SCHOOL DISTRICT
   GENERAL OBLIGATION BONDS
   (Riverside County, California)
10. $50,000,000
    GAVILAN JOINT COMMUNITY COLLEGE DISTRICT
    GENERAL OBLIGATION BONDS
    (Santa Clara County, California)
11. $100,000,000
    PERALTA COMMUNITY COLLEGE DISTRICT
    GENERAL OBLIGATION BONDS
    (Alameda County, California)
12. $47,275,000
    KERN COMMUNITY COLLEGE DISTRICT
    2007 REFUNDING CERTIFICATES OF PARTICIPATION
    (Kern County, California)
13. $42,000,000
    PALM SPRINGS UNIFIED SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Riverside County, California)
14. $8,499,984.80
    DINUBA UNIFIED SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Tulare County, California)
15. $11,545,000
    EAST SIDE UNION HIGH SCHOOL DISTRICT
    GENERAL OBLIGATION REFUNDING BONDS
    (Santa Clara County, California)
16. $19,997,738.75
    EAST SIDE UNION HIGH SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Santa Clara County, California)
17. $2,600,000
    LOS OLIVOS SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (Santa Barbara County, California)
18. $23,650,000
    SANTA BARBARA SCHOOLS FINANCING AUTHORITY
    2007 GENERAL OBLIGATION REVENUE BONDS
    (Santa Barbara County, California)
19. $13,265,000
    SANTA BARBARA SCHOOLS FINANCING AUTHORITY
    2007 GENERAL OBLIGATION REVENUE BONDS
    (Santa Barbara County, California)
20. $60,000,000
    STOCKTON UNIFIED SCHOOL DISTRICT
    GENERAL OBLIGATION BONDS
    (San Joaquin County, California)

Almost unheard of just twenty-five years ago, lease financing (including lease revenue bonds and certificates of participation) has now become so widespread that most finance officers and CBOs consider it as common double-entry bookkeeping.

Yet behind this dull façade lurks one of the State’s most powerful financing tools. Simple and seamless, lease financing allows public agencies to finance the cost of building construction, land acquisition, or equipment purchases over the useful life of the asset without the need for a costly election.

It is also an amazingly flexible option and can be designed to fit almost any imaginable situation. Over the last twenty years, Dale Scott & Company has developed a wide array of lease financings to meet it clients’ needs including variable-rate and auction rate financings, Mello-Roos tax-backed transactions, land-bank restructurings, and general obligation bond bridge loans.