Rebate Details…[DOC]
Overview
The Florida Local Government Finance Program is a flexible, low-interest, short- to medium-term loan program geared toward helping local governments meet their many infrastructure and capital needs. Funding acquired through the program has been used for landfills, water and sewer facilities, courthouses, spring training complexes, library construction, beach renourishment, and more.
Rates and Loan Amounts
Flexibility and ease of use are the hallmarks of this successful program. Loans are for five years or less and most initial loans are generally $1million or more. Prepayments can be made at any time, with sufficient notice, with no penalty. Since its inception in 1991, the Program has loaned more than $2.0 billion to Florida local governments.
For the most up-to-date Program information, please click the following links:
Governance and Administration
Administered by the FAC, the program is governed by the Florida Local Government Finance Commission, composed of officials from participating counties. The FAC manages the program portfolio, making borrowing through the program simple.
Commercial Paper v. the Bond Buyer Revenue Bond Index
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For more information
Inquire as to how FAC can assist in meeting your short-term financing needs by calling
John Ricco or Elizabeth Newberry at 850/922-4300.
