The California School Boards Association Finance Corporation’s Certificates of Participation program assists California school districts, county offices of education and community college districts in their efforts to raise funds for real property acquisitions and capital improvements.
The COP program has assisted 147 districts in obtaining over $1,023,364,794 for capital outlay projects. The COP program allows districts to finance capital projects or refinance existing lease obligations without voter approval.
About the CSBA-FC COP program
School Districts, as lessees, execute a lease with the CSBA-FC. The CSBA-FC, as lessor, assigns its rights to receive lease payments and its obligation to acquire the asset for each lease to the trustee. The total amount of capital to fund each individual school district’s project is raised through the issuance of COPs, then the trustee funds each project under the terms of the lease and collects payments from each district.
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Contact Piper Jaffray & Co.
1235 Hermosa Ave., Ste 300
Hermosa Beach, CA 90254
(800) 876-1854
(310) 406-1940
Fax: (310) 406-1955
Mark Farrell
Managing Director
mark.j.farrell@pjc.com