Why would CSBA decide to get involved in financial services? In 1987, we saw a need for low-cost, hassle-free financing programs for California school districts and county offices of education of every size. Since then, CSBA's Finance Corporation has helped districts build schools, deal with short-term cash flow problems, and even buy photo copiers. We've saved schools time and money. What better reason could there be to offer these services? Take a look at how these programs can benefit your schools, then if interested, go to the Financial Services Online Request Form to get more information.
The Cash Reserve Program helps districts guard against temporary cash flow shortages in a safe, cost-effective way using TRANs.
The Certificates of Participation Program provides funds for capital equipment or real property acquisitions and improvements.
As part of the American Recovery & Reinvestment Act of 2009, two tax credit bonds are now available for school construction and repairs: the NEW Qualified School Construction Bond and the REVISED Qualified Zone Academy Bond.
The FlexFund Program allows districts to save financing costs and achieve lower interest rates through a lease/purchase arrangement for capital projects like copiers, computers, buses, portables and energy equipment.
STEP, a comprehensive energy efficiency program, delivers high impact improvements to districts and county offices. Energy efficiency measures can effectively save your districts/COE money and resources. In addition to the significant financial benefit, districts/COEs can expect more comfortable learning environments that enhance education, reduce greenhouse gas emissions and establish stakeholder support for environmental and social responsibility.