Tax-Exempt Bond Financing for Charter Schools

Tax-Exempt Bond Financing for Charter Schools

According to the National Alliance for Public Charter Schools, charter schools serve more than 3 million students throughout the nation, however, charter schools do not have access to the same financing structures as district schools, which makes access to facilities a challenge to the growth of this sector (read the full report here: https://www.publiccharters.org/our-work/publications/strengthening-federal-investment-charter-school-facilities).

For qualifying schools, one option for financing the acquisition and improvement of facilities is through the issuance of tax-exempt bonds. The attorneys at Caritas Law Group help charter school leaders as they work toward refinancing existing debt and/or financing the acquisition and improvement of their facilities in order to lower or level out their debt service, better serve their community, and attract new student enrollment.

The attorneys at Caritas Law Group have worked on numerous publicly offered and privately placed tax-exempt bond transactions throughout the nation. Since 2016, Ashley I. Spear, Esq. has served as borrowers counsel or special local counsel on charter school revenue bond issues totaling more than $573 million in Arizona, Nevada, North Carolina, and Florida.

The chart below includes an overview of the tax-exempt bond process:

tax exmpt bond process

To determine whether tax-exempt bond financing is right for your nonprofit organization, reach out to Caritas Law Group for a consultation.

Ashley Spear is a nonprofit lawyer with Caritas Law Group, P.C. licensed to practice in Arizona. Ashley advises nonprofit and socially responsible businesses on corporate, tax, real property, and tax-exempt financing matters. Ashley also has significant experience advising charter schools and charter networks. To schedule a consultation with Ashley, call 602-456-0071 or email us through our contact form

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