ISSUANCE OF BONDS
The Sullivan County Funding Corporation can issue Bonds to provide low-cost financing. The borrower agrees to make payments to retire the bond obligations pursuant to a contractual agreement with the Agency and a Lender. There is a financing agreement and usually a Lease or Installment Sale Agreement. Depending on the size of the bond issue and other factors, placement of the bonds may be made privately or publicly. In some cases, interest on the bonds issued by the Agency is exempt from federal income tax. Bond Counsels are retained concerning document preparation and opinion letters regarding the financing and tax exempt status of the bond issue.
Please contact the Sullivan County Funding Corporation for more information about our bond program.
MILLENNIUM REVOLVING LOAN FUND
The Millenium Revolving Loan Fund is closed to new applicants, effective August 8, 2022.
For a listing of current bond and loan projects, please click here.