$165,000,000
Capital Projects Finance Authority Revenue Bonds
(Capital Projects Loan Program)
Series 1997A

The Series 1997A pooled loan program was created on August 26, 1997 with the issuance of $165,000,000 of variable rate demand revenue bonds. Highlights of the loan program include:

1) Lowest available all-inclusive borrowing rate of any program of its kind;

2) Borrowers assume no pro rata share of original bond issuance costs;

3) A portion of loan processing and documentation fees are paid by the program;

4) Credit review and approval is performed by a AAA rated insurance company which understands Florida municipal credits;

5) A wide array of revenue pledges are acceptable, including annual appropriations and COPs;

6) Repayment terms as long as nineteen years;

7) No prepayment penalties; only 45 days notice required to prepay in whole or in part;

8) Principal repayment schedules can be customized to fit needs of borrower;

9) Interest can be capitalized for as long as three years for qualifying projects;

10) Loan application process is simple and quick, with closings occurring within 30 days after application. Loan funding dates available every 60 days;

11) All loan closing documentation is provided by CaPFA bond counsel.


The program originated eight loans to various local governmental entities in an amount totaling more than $41,000,000. The loan origination period for this program ended on August 1, 2000.