Conduit Bonds are an innovative financing tool allowing local governments to assist in financing acquisition, construction, reconstruction, improvement, rehabilitation, renovation, expansion and enlargement, or additions to, furnishing and equipping of any qualifying Private Project.
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FLGFC requires all person(s) or entity(ies) seeking to have Bonds issued on its behalf to make a full and complete application prior to the FLGFC considering whether to grant approval to proceed with the issuance of Bonds. The issuance of Bonds by FLGFC shall be subject to the terms and conditions of its Conduit Bond Issuance Policy. Upon submission and acceptance of an application, the FLGFC will work with borrowers to schedule the appropriate hearings and meetings required for final approval of the Bonds by the FLGFC Board. Such approval is required prior to the closing/funding of any debt transaction.