Government Capital Corporation

Government Capital Corporatoin is a leading public finance firm offering its clients a broad range of financing solutions.

Financing

Italy ISD Launches Energy Conservation Project

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Italy Independent School District Launches Energy Conservation Project

Italy ISD Logo
Italy Independent School District Launches Energy Conservation Project

Italy, Texas (Summer 2017) – Italy Independent School District announced the implementation of energy conservation measures for its campuses including state-of-the-art LED lighting. Government Capital Corporation was chosen as the financing partner for the $305,000 project.

The primary source of repayment for the Public Property Finance Act Contract used will be the energy savings from the new lighting. The projected savings will provide the school district additional positive cash flow for the duration of the contract and for many years beyond.

“Everyone I interacted with at Government Capital was courteous, knowledgeable, and responded to any questions I had promptly.  Their customer care is excellent and they follow up regularly. I would recommend their services to any district with financing needs!” stated Natasha Blackburn, Director of Finance of Italy ISD.

“This energy conservation project will help Italy ISD save a great deal of money and we were able to use Qualified Zone Academy Bond (QZAB) tax-credit financing to save the district thousands more on interest costs. We are proud to partner with Italy ISD on a project that will positively impact all students and staff members in the district,” said Kevin Lerner, Senior Vice President of Government Capital.

About Italy Independent School District
Italy Independent School District is located in Italy, Texas, in south Ellis County. The district serves approximately 597 students at 2 campuses and as of May 2017, is implementing a plan to become a District of Innovation. For more information: www.ItalyISD.org

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to school districts and all other local governmental entities.  Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: www.govcap.com, 800-883-1199.

Willis Point ISD Implements Energy Conservation Project

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Government Capital finances energy conservation project for Wills Point ISD

Energy project reduces operational costs for district

Southlake, Texas. (May 17, 2017) Government Capital Corporation, a leading provider of financing for Texas school districts, announced today the funding of a $2.8 million energy conservation project financing for Wills Point Independent School District. The structure utilized energy savings as the primary source of repayment and did not require a bond election.

“The mission of the school board includes providing safe and efficient facilities. We worked for many months to develop this project and are confident it will reduce our utility costs and improve the learning environment for our students.” stated Scott Caloss, Superintendent of Schools for Wills Point ISD. “Government Capital provided a competitive financing structure which saved the district thousands of dollars when compared to other alternatives.”

The financing structures utilized by Government Capital are authorized under state borrowing authorities for all public school districts and offer access to low, tax-exempt interest rates through Government Capital’s resources in the capital markets.

“I want to congratulate Wills Point ISD for being proactive in upgrading their facilities and maximizing their limited operational resources,” stated Ed King, Government Capital Corporation Senior Vice President. “Like most school districts in Texas, Wills Point ISD is continually being asked to do more with less. We at Government Capital are proud to have partnered with the district on a project which will deliver tremendous benefits to the district.”

 

About Government Capital Corporation
Government Capital Corporation is a leading Public Finance firm providing professional financing services to school districts and local governmental entities. Since its founding in 1992, the firm has successfully completed thousands of project financings. For more information, visit www.govcap.com

 

About Wills Point ISD
Wills Point Independent School District is located in the Northeast Texas and serves approximately 2,300 students. For more information go to www.wpisd.com