Tax-exempt bond financing is a proven low-cost method of raising capital. CMFA can provide access to this market for qualified borrowers by acting as the conduit issuer. Eligible costs for a CMFA financing may include the purchase of land, project design costs, construction, equipment purchase and installation and legal fees. Up to 2% of the proceeds of a CMFA bond offering may be used to pay the cost of issuing bonds, such as for underwriter's and legal fees. Also, the CMFA can issue taxable bonds to cover any additional costs of issuance or for additional undertakings that are not tax-exempt. < Back to About CMFA Children’s Dental Health Foundation California Municipal Finance Authority 2111 Palomar Airport Rd, Suite 320 Carlsbad, CA 92011 (760) 930-1221 phone (760) 683-3390 fax info@cmfa-ca.com