DS&C developed an innovative structure that allowed the District to sell its QSCB through the Fresno/Clovis Joint Powers Authority so that the federal interest rate subsidy was converted into additional project dollars that provided the District with an additional $7 million of project funding.
Direct federal tax credit subsidy structured to provide for reduced general fund energy costs.
Take out financing to replace District’s auction rate security financing. Issued through Golden Empire Schools Joint Powers Financing Authority.
Privately placed QSCB provided District with 0% financing for 16 years with significantly reduced costs of issuance.
To view a document, left-click on the document name. To save a document and view it later, right-click the document and select "Save As" from the pop-up menu.
Adobe Acrobat Reader® is required to view, search and print electronic prospectuses. If you do not have Acrobat Reader, click here and follow the instructions to download your free copy.
