Banning Lewis Ranch Academy

Banning Lewis Ranch Academy used CECFA bonds to: 1) refund bonds issued by the Authority in 2006 and, 2) fund the construction of a second campus to house the School’s recently approved high school. The School also plans to move its middle school to the new campus, allowing it to expand elementary enrollment at its existing campus. The Series 2006 Bonds issued by CECFA financed the costs of (a) financing the construction and equipping of the current campus; (b) funding a debt service reserve fund; (c) funding capitalized interest on the Bonds; and (d) paying costs of issuance.