Generally, financings outside Colorado are undertaken as part of a pre-approved borrowing program, rather than on an individual transaction basis. The following programs are currently approved:
Association of Christian Schools International Bond Program
National Jewish Federation Bond Program
New program approvals require completion of the Multi-State Program Application and action by the CECFA Board of Directors prior to the issuance of bonds for a specific transaction.
Please contact CECFA at 303-297-7332 prior to submitting any materials for multi-state program approval.
Click here to open CECFA’s Financing Guidelines. Refer to Section H, which applies to multi-state borrowings.
When planning a capital project, most nonprofits turn to a traditional capital campaign. However, using debt as part of your plan of finance should always be considered.