The Ohio Capital Asset Financing program is a financing cooperative offered by the Center for Local Government to Ohio communities as an alternative to cash purchases or other forms of costly financing.

The program:

• Allows multiple communities to combine their borrowing needs in a manner that enables them to enjoy better interest rates and lower financing costs
   

• Permits the financing of “Capital Asset” purchases over a period up to 25 years, based on asset life
   

• Reduces interest cost and financing expenses because of credit enhancements and economies of scale gained from the issuance of a single large bond issue compared to smaller individual issues
   

• Allows communities that cannot afford large capital outlays to spread the cost of capital assets over time
   

• Eliminates the need to prepare an individual Official Statement
   

• Does not require the participant to obtain a bond rating
   

• Minimizes the time and effort required for financing capital assets compared to using traditional methods