Who is Eligible?

Any municipality or political subdivision that can issue tax-exempt securities generally can utilize tax-exempt leasing. Eligible entities include:

• States
• Counties
• Cities
• School Districts
• Public Colleges and Universities
• Hospitals, Agencies, Authorities, Boards & Commissions
• Special Purpose Districts (fire, parks, utility, water, etc.)
• 501(c)(3) Not-for-profit Organizations*

When a public entity has policing powers, taxing authority and/or right of eminent domain, it is considered qualified to enter into tax-exempt financing contracts under Section 103(b) of the Internal Revenue Code.

* Not-for-profit organizations created under Section 501(c)(3) of the Internal Revenue Code do not qualify directly as issuers of tax-exempt obligations but may be eligible with a sponsoring governmental unit.