What are the financing benefits for school districts?
The benefits of financing through the MCIA include: • Flexible repayment schedules as 200% principal repayment rule is not required • Ability to do a negotiated sale to take advantage of market opportunities • Broad range of equipment can be financed including equipment which may not be eligible for financing as bonds • Economies of scale for costs of issuance in pooled borrowings • If County guarantees financing, the bonds will be rated “AAA” and therefore carry the lowest possible interest cost without additional costs • One week turnaround through the capital equipment leasing program.
