Since 1983, ABAG has provided nearly 200 financings in 44 Credit Pool issues. Program participants include cities, counties and special districts for the financing of capital projects and equipment, and refinancing of existing leases.

Credit Pooling offers lease terms to meet each borrower's individual needs. The Program is ideally suited for borrowers with project costs between $800,000 and $10,000,000.

Eligible Capital Projects:

* Energy efficiency retrofitting
* Acquisition or construction of buildings or facilities
* Refunding existing lease obligations
* Acquisition of vehicles and equipment
* Street & other infrastructure improvements
* Computer hardware and software

If your jurisdiction currently has higher interest rate lease financing outstanding, or capital needs aggregating more than $800,000, Credit Pooling may be the most efficient source of capital for the project.

Program Benefits:

* Minimal issuance costs due to pooled structure
* Low rates "AAA" insured bond funding
* No cross collateralization between participants
* Individualized and flexible repayment terms (up to 30 years)
* Streamlined documentation and process reduces staff time requirements

With the 10-year Treasury rate well below 4%, the time may be right to preserve cash and take advantage of historically low interest rates to finance or refinance capital needs.

For more information, please contact Clarke Howatt, ABAG Public Finance Director at 510-464-7932 or e-mail questions to clarkeh@abag.ca.gov.

Clarke Howatt
ABAG Public Finance Director
101 Eighth Street
Oakland, CA 94607
510.464.7932
clarkeh@abag.ca.gov