ith the growing need in California for expansion and renovation of educational facilities and the ongoing need for updated equipment, the Authority has been experiencing an expansion of this category of financings. Schools of all types, including public universities, private colleges, and private K-12 schools are becoming more and more aware of the feasibility and advantages of the municipal bond market.

Both public educational facilities and 501c(3) educational organizations demonstrating sufficient public benefit meet the requirements of the Tax Code for borrowing using tax-exempt securities. Tax-exempt financing helps enable schools to keep their overall costs down while providing essential capital resources for their educational programs.

The Authority issued $40 million in tax-exempt bonds for the construction of a 400,000 ft.² office and parking facility in downtown Oakland for the University of California Office of the President

To date, the Authority has completed 27 education financings totaling more than $370 million in tax-exempt bonds.

The Bentley High School Project