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ublic entities often need to fund
aquisitions or small projects where costs are not high enough to make
stand-alone public financing cost effective. As a solution to this problem, the
ABAG Finance Corporation offers a credit pooling program in which funding
requests are combined so that transaction costs and market interest rates are
significantly lowered for all borrowers. Credit Pooling is ABAG's longest
running financial services program. To date, 46 credit pools have funded over
131 projects totaling more than $319 million.
The ABAG Finance Corporation is a nonprofit public benefit corporation created by the Association of Bay Area Governments (ABAG) for the purpose of aiding the financing of projects for members and cooperating members of ABAG. The corporation's articles of incorporation and bylaws empower it to act as a lessor in financing for participating public entities. |
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gl 06.15.06 |