Select Page

Charter School Post-Issuance Bond Compliance

The What and Why of Bond Financing

Although initially issued by an Industrial Development Authority, bonds used to fund facilities loans to Charter Schools are ultimately sold to Investors.  Bonds are a viable option for Charter Schools because they offer tax-exempt financing for non-profits.  Along with this financing comes the Borrower’s continuing disclosure responsibilities during the life of the bond, which is typically 20-30 years.  Continuing disclosure, required by the Municipal Securities Rulemaking Board (MSRB), is important information about a municipal bond that generally reflects the financial health, specific events and operating condition of the Borrower.

Post Issuance Bond Compliance Services

Community Investment Corporation offers services designed to help issuers, borrowers, and underwriters comply with continuing disclosure obligations related to SEC Rule 15c2-12 and promote transparency in the bond market.  As for the Borrower, we realize that your primary focus is to educate and we understand the challenging nature of running a school.  By choosing to work with Community Investment Corporation, you can keep your focus on education while we monitor bond compliance.  We have the expertise to decipher, identify, and determine your reporting responsibilities.

Our services include;

  • Compliance Program Development
  • Customized Compliance Schedules
  • Annual Compliance Outlook
  • Prepare customized templates to satisfy specific obligations
  • 3rd party reporting assistance
  • Annual School Facility Visits
  • Borrower / Trustee Liaison
  • Email reminders – Quarterly, Semi-Annual and Annual documents and assistance with required Conference Calls prior to MSRB due dates
  • Event Filing Notices
  • Receive and upload continuing disclosure obligations to EMMA within timeframes set by the MSRB and distribute copies to Trustees and other parties as required

Community Investment Corporation offers value-added services with a focus on helping our clients succeed.   We go out of our way to learn and understand our clients’ businesses so that we can better serve their needs. Additional services offered include, but are not limited to:

  • Charter School Short-Term Loans
  • Staff Training