CPE PLUS: Overview of Tax-Exempt Financing
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Virtual
1.00 Credits
Member Price $0.00
Overview
The presentation is for CPA firms who have clients that are a nonprofit organization or primarily 501c3. With these higher interest rates, a nonprofit organization can reduce the rate significantly by financing their projects w a tax-exempt Bond. These Bonds are approved by the governor and great way to discount an interest rate by 79%. Couple that with the swap presentation we did at 2024 MAP, a 7% rate can be reduced to 5%, which is a significant interest expense savings over the course of the term (10-15 years on average).
This event is part of the following bundles:
Sponsored by:
Leader(s):
Leader Bios
Sarah Smith
Sarah Smith is experienced in all aspects of public finance, and serves as bond counsel, disclosure counsel, issuer’s counsel, underwriter’s counsel, purchaser’s counsel, trustee’s counsel, placement agent counsel, and borrower’s counsel on a variety of transactions for a multitude of issues. She has worked on bond issues in these capacities for colleges, universities, community colleges, school districts, charter schools, cities, towns, villages, special districts, and other not-for-profit institutions. Additionally, Sarah has served as counsel for bond issues involving affordable housing bonds, airports, clean water, drinking water, education, energy efficiency projects, group homes, nursing homes, sports stadiums, renewable energy, telecommunications, transportation and public infrastructure. Sarah has drafted and advised on various derivatives including swaps and forward transactions in connection with tax-exempt financings.
Prior to joining the firm, Sarah worked as a public finance attorney at a law firm in Arizona and a national law firm in Wisconsin serving as bond counsel, disclosure counsel, underwriter’s counsel, and trustee’s counsel on various tax-exempt and taxable financings.
Sarah drafted legislation for an Arizona city to accelerate transportation projects and assisted the Arizona city to defend the financing of the extension of the light rail project and the new law at the trial level and the appellate level. The Arizona Supreme Court denied the appellant’s petition for review, which enabled the Arizona city to move forward with the project. Sarah drafted the first-of-its-kind transportation project advance agreement to accelerate the light rail project.
Member Price $0.00