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St. Francis E&F TEFRA Hearing

Meeting Date: 
Thursday, April 3, 2008 - 10:00am to 10:30am
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Meeting type: 

Salisbury C TEFRA Hearing

Meeting Date: 
Friday, March 21, 2008 - 10:00am to 10:30am
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Data Research Consultant RFP

Event Date: 
03/07/2008 - 5:00pm to 03/21/2008 - 4:00pm

 

Request for Proposal 

Early Childhood Education

Facility Plan Development

DATA RESEARCH CONSULTANT

RFP Issued March 7, 2008

Deadline: March 21, 2008

Miscellaneous: 
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Sample Financing Timeline

Retain Counsel (undertake preliminary tax and environmental diligence)Month 1
Board Reimbursement Resolution (may allow reimbursement of costs incurred 18 months prior to issuance)Month 1
CHEFA Application Month 2
Conduct RFP with CHEFA forMonth 2
     A. Investment Banker/Private Placement Agent  
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Equipment Loan Program (EasyLoan)

CHEFA provides a tax-exempt financing alternative for the purchase of capital equipment and associated improvements. The program features an abridged application process, standardized loan documentation, and reduced financing fees compared to a traditional bond financing.

The EasyLoan Program utilizes a secured equipment loan structure where the commercial lender will loan the money, through the Authority, to the institution, and take a lien on the equipment and other financed improvements as collateral.

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TEFRA – Hearings Description

TEFRA Hearings

Two weeks after the TEFRA notice is published, a hearing is conducted at the office of the Authority to offer a venue for interested members of the public to express their views regarding the issuance of the transaction and the nature of the improvements and projects for which the financing funds will be allocated.

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TEFRA Process – Overview

TEFRA (Tax Equity and Fiscal Responsibility Act of 1982)

A TEFRA hearing is mandated by the IRS to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. The TEFRA hearing is held at the offices of the Authority.

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Approval Process

CHEFA Board Approval

For a public offering, CHEFA's Board approval is typically a two-step process. Refundng issues may require only one CHEFA Board meeting for approval. For a private placement/direct bank purchase transaction, there is only one meeting for CHEFA approval.

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Healthcare Capital Asset Pool B1 Tefra Hearing

Event Date: 
11/05/2007 - 10:00am to 10:30am

Healthcare Capital Asset Pool B1 Tefra Hearing

Project: 
Sector: 
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Westminster E Tefra Hearing

Event Date: 
10/17/2007 - 10:00am to 10:30am

Westminster E Tefra Hearing

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