Partnering with Utah’s charter schools to build a stronger future

Overview of the Utah Charter School Finance Authority
 

How We Help Charter Schools

By serving as an issuer of conduit debt, UCSFA enables Utah charter schools to finance their long-term capital needs through access to the tax-exempt bond market. Since its inception, UCSFA has provided effective financing options to more than 55 schools, totaling more than $820 million in financing. 

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The Financing Process

UCSFA guides charter schools through the process to ensure efficient bond financing transactions. With tax-exempt financing, charter schools are able to drive more resources into the classroom and less toward servicing debt or paying facility leases.

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Credit Enhancement Program

The Charter School Credit Enhancement program boosts the credit ratings of qualifying Utah charter schools, which in turn significantly reduces the schools’ borrowing costs.

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ELIGIBLE PROVIDERS

A charter school must provide financial and operational history sufficient to meet market requirements for a bond financing. UCSFA prequalifies pools of competent, experienced bond attorneys to assist schools with the process. Charter schools must procure services from professionals who have been prequalified and are on the eligible provider list in order to use UCSFA as a conduit issuer.

BOND COUNSEL

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The UCSFA tracks pertinent cost of issuance information from recent charter school bond transactions issued through the Authority. The data can be used to assess the various professionals involved in the transactions and aid in setting reasonable expectations for professional fees.

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