CALIFORNIA SCHOOL BOARDS ASSOCIATION

The certificates of participation program provides districts an option to finance capital equipment or real property acquisitions and improvements. Through this program, schools can utilize the finance corporation as the not-for-profit corporation while accessing the services of the csba finance corporation's financing team. Districts can take advantage of fixed or variable rate financing options.

The flexfund program is a lease/purchase financing program for financings under $1.5 million that provides low-cost borrowing to districts for capital improvements and equipment purchases such as: energy modernization projects, bus and relocatable purchases, and outfitting computer labs with hardware, software and furnishings. The go bond program saves taxpayers money by refinancing outstanding debt obligation bonds into lower interest rates. Smaller refinancings can be completed by combining high fixed costs into refunding pools.total form 990, part iii, line 4d, other program services