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About CECC
In partnership with the National Catholic Educational Association (NCEA) and the Colorado Catholic Education Conference - a collaboration among the Dioceses of Denver, Colorado Springs, and Pueblo – the Catholic Education Capital Corporation (CECC) is a Colorado nonprofit corporation providing Catholic educational institutions in the United States an efficient and cost-effective way to provide tax-exempt bond financing for capital expenditures and other projects.
By offering access to tax-exempt bonds for new capital expenditures, refinancing prior capital expenditures, and building working capital; NCEA member schools can benefit from the CECC Bond through lower interest rates and better borrowing terms and conditions than traditional financing options.
CECC is a registered corporation of Colorado, and is located at 1535 Logan Street, Denver, CO 80203-1913, United States.
CECC Bond Overview
CECC provides a variety of financial advisory services so that NCEA member schools might access tax-exempt bond financing made available through the Colorado Educational and Cultural Facilities Authority (CECFA). CECFA was established more than 30 years ago to serve educational and cultural nonprofits in Colorado and throughout the United States. To date, CECFA has issued nearly $2.5 billion in tax-exempt financing.
The savings to the borrowing school can be significant. In most cases, the differential between a taxable and tax-exempt financing will be about 1 to 2 percent. On a $10 million bond issue, a 1 percent interest savings would yield a benefit of $70,000 in the first year and approximately $1.4 million over the course of a 20-year fully-amortizing bond timeframe.
View the "Borrowing with Tax-Exempt Bonds" information booklet for full details.
Bonds are available to NCEA member educational institutions* such as:
- Schools
- Seminaries
- Parishes
- Colleges and universities
Bond funds may also be used for:
- Classrooms
- Research facilities
- Recreational facilities
- Administrative spaces
- Auditoriums, dining halls, food service and student services buildings
- Student housing
- Parking lots, maintenance facilities, garages
- Furnishings and equipment
*The bond funds may not be used to pay for or refinance explicitly religious structures such as chapels or other places of worship. Consult CECC if there are questions about whether a specific building is too “pervasively sectarian,” the legal term for a situation where the inherent religious use of a structure outweighs the more generally defined public benefit or secular use. Of course, the school can use non-bond funds such as contributions, investment earnings, and the like to finance religious facilities if it so chooses.
View eligibility and application details.
View CECC Bond frequently asked questions.
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