The CMFA Issues Tax-Exempt Debt Benefits Two Apple Valley Charter Schools
The CMFA recently issued tax-exempt bonds for The High Desert “Partnership in Academic Excellence” Foundation, Inc. and the Lewis Center for Educational Research. The Lewis Center operates two successful charter schools in San Bernardino County. Both schools have a science and math focus. The schools’ ongoing partnerships with NASA, the Goldstone Apple Valley Radio Telescope Project and the Jet Propulsion Laboratory have their students fully engaged. Students work with other students, educators and scientists around the world and actually take control of the massive radio telescope via the Internet to study a variety of radio sources in space, including the planet Jupiter. Proceeds from the low-cost funds will be used to construct a multi-purpose gymnasium and refinance existing long term debt.