The CMFA Issues $19,585,000 in Low Cost, Tax-Exempt Financing for San Benito School District
The CMFA issued $19,585,000 in tax-exempt bonds for the San Benito School District. The proceeds of the bonds will be used to complete the Science and Robotics Building. Additionally, the financing will provide funding to complete ADA compliance on its Main Campus, to demolish and infill old swimming pools, and to complete the Ag to ASB conversion. The total project cost of $18.5 million will be funded through the issuance of Lease Revenue Notes.