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Financing Programs
 Pooled
Bond Program
Issuing bonds to finance projects enables local governments to access
some of the lowest interest rates available. However, the high cost
and complexity of a typical bond issue can often drive up costs into
the hundreds of thousands of dollars.
We have developed an innovative and cost-effective
way to finance projects through municipal bonds that will allow
you to decrease your costs dramatically.
The VML/VACo Finance Program allows you to partner with other localities
from across the Commonwealth and issue bonds on a pooled basis.
As a result,
- Costs of issuance are shared
- Volume discounts are achieved
- All localities receive a AAA insured rating
- The process is simplified and streamlined for all participants.
Our application is only three pages long.
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Commercial Paper Program
Commercial Paper is a proven form of financing, long used by some
of the largest and most respected private companies and governmental
entities in the nation. Commercial paper has a short maturity, typically
30 days, and may be continually rolled-over (“remarketed”)
in order to fund longer-term projects. The result is an extremely
low, variable interest rate.
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Application
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