he Association of Bay Area Governments is currently offering water and wastewater agencies the opportunity to join its pooled revenue bond program. The Pool can be used to finance or refinance water and wastewater capital improvement projects of cities and special districts. The economies of scale of the Pool allow for both lower costs of issuance (including inexpensive "AAA" bond insurance) and lower interest rates. Smaller borrowings are welcomed by the program and may be accomplished on a very cost-effective basis.

Advantages of the Program:

• Lower issuance costs with the pooled structure
• Low interest rates with AAA-rated, tax-exempt, insured revenue bonds
• Authorized with a single resolution of the participant's governing board
• Streamlined documentation reduces staff time requirements
• Easy refinancing of existing water and wastewater debt including revenue bonds, leases, loans, and certificates of participation (COPs)
• Finance (or refinance) capital projects for up to 30 years
• No cash funded reserve requirement in most cases
• Pre-assembled team of industry experts
• Frequent market access

Financing Profile:
Stinson Beach County Water District