Helping Utah Charter Schools Since 2007
The Utah State Charter School Finance
Authority (UCSFA) was established in 2007 with the passage of the Charter School Financing Act.
Since its inception, the UCSFA has provided more than 70 Utah charter schools with access to the municipal bond market, totaling more than $1 billion in financing.
Use of tax-exempt municipal bonds to finance schools helps to ensure that the cost of school facilities is kept to a minimum, enabling schools to focus resources on the classroom.
Charter School Credit Enhancement Program
The Charter School Credit Enhancement Program was established by SB 152 in 2012 to give eligible charter schools the opportunity to further lower their bond financing costs.
More than 20 schools have utilized the Credit Enhancement Program since its inception, significantly lowering interests costs on more than $450 million of charter school bonds and saving schools more than $100 million.
