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CMFA Completes the Issuance of $30,000,000 in Bonds for Scripps College

The CMFA completed the issuance of $30,000,000 in tax-exempt private activity bonds benefiting Scripps College in Claremont, California.  The College is a member of the Claremont Colleges, and much of student life revolves around the five colleges, or “5C’s.” Scripps College, Claremont McKenna College, Pomona College, Pitzer College and Harvey Mudd College all interact socially, share dining halls, libraries, and other facilities spread throughout the contiguous campuses. All five colleges are part of the Claremont University Consortium, which includes two graduate institutions. Proceeds from the bonds will be used to reimburse costs of design in the planning of a new residence hall, fund the construction of the new residence hall and fund the renovation of other areas on campus.

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