Non-profits may secure significant long-term, low-cost funding through the issuance of tax-exempt bonds, but the process is technical and complex. This session covered the basics on the benefits and risks of such financing, as well as the process and possible pitfalls in successfully bringing a bond deal to closure, and being a key player in the bond process. Specific topics included IRS requirements, state law issues, applicability of certificate of need requirements, the bond application process, choosing a financial advisor, underwriter and other professionals, accounting and audit issues, and corporate and regulatory approvals.
Region:
United States
Interest Area:
Financial Services,
Insurance