|
|
Municipal
Leases
Our low rates and fee are based
on our need, not our greed. |
Municipal Funding |
|
|
Contact Us
Home
General
Financing
General Projects Financing
Public School
Financing
Public Health
& Safety
Financing
Equipment
Leasing Financing
Vehicle
Leasing Financing
Save Money
|
At Municipal-Funding, we help municipalities and rural communities find banks and institutional buyers for their municipal bonds, which the taxpayers have authorized for necessary projects. Bond issues are necessary for large projects and acquisitions, usually well above one million dollars, and require taxpayer approval votes; because they are those who ultimately stand behind the bonds. Other forms of financing for smaller projects and acquisitions are done more quickly and economically using 301 tax-exempt lease agreements; however for very large school, roads, bridges, water systems, sewage systems, and general infrastructure projects require bonds to be issue and sold. Municipalities such as States and many types of local government, have a responsibility to provide for the needs of their citizens. But oftentimes there is not enough money in a municipality's general or daily operating fund to pay for those needs. This is especially true of large, capital intensive projects such as the construction and repair of bridges, highways and public schools, the building of utilities and sports stadiums, the maintenance of bus and subway lines and even the purchase of parks and open space. Municipalities raise the necessary capital to finance these types of public projects by issuing Bonds. The money is raised, the project is completed and the face value or total principal amount of the Bond issue is repaid over time through fixed principal and interest payments. Municipal bonds (also known as “munis”) are attractive to many investors because the interest income is exempt from federal income tax, and in many cases, state and local taxes as well. In addition, munis often represent investments in state and local government projects that have an impact on our daily lives, including schools, highways, hospitals, housing, sewer systems and other important public projects. Some bonds, known as "zero coupon bonds", do not require the municipality to pay any interest fees, until the maturity date of the bond. The rate on the bond is determined by the municipality's credit rating and what are comparables for communities in any given state. Representative Yields
Most municipal securities offerings are exempt from the registration provisions of the federal securities laws. That means municipal issuers do not have to file a registration statement with the SEC. But you can still obtain information about municipal securities from the Municipal Securities Rulemaking Board (MSRB) and Nationally Recognized Municipal Securities Information Repositories (NRMSIRs). Since 1990, underwriters of municipal securities have filed the official statement, or offering document, for most municipal securities offerings with the MSRB’s Municipal Securities Information Library. You can obtain an official statement from the MSRB’s library for a small fee by calling (703) 797-6600. In addition, for most municipal securities issued after July 3, 1995, NRMSIRs have collected on an annual basis financial information and operating data, as well as notice of certain important events, such as default of a bond. This information must be filed with all four of the current NRMSIRs and is available to the public for a nominal fee.Some states—Texas, Michigan, and Ohio—also have their own depositories, known as "SIDs," that make available information about municipal bonds issued in their states. The SEC maintains a list of SIDs. We help you to find banks and institutional investors to purchase your muni bonds, for your municipal projects. Unlike others, we have funding alternatives that we automatically pursue as "Plan-B". For more information about municipal bonds: http://www.municipalbonds.com/ Contact Us Today, to help you find the financing you need at the lowest possible rates and the easiest terms available. If you are a bank or law firm representing qualified investors and you would like to purchase municipal bonds, please contact Will Griffin Municipal Funding |
|
|
