Government Capital Corporation

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

texas

Caney Creek Municipal Utility District Announces Meter Infrastructure Upgrades

Sargent, TX (August 2026) – Caney Creek Municipal Utility District announces the implementation of a new AMI system. The District began the project to address constituent desires for an upgraded water metering system that will allow for the timely identification and recapture of water loss as well as increased efficiency for the District. The first phase of the installation has been completed, updating 280 meters. Financing for the project was provided by Government Capital Corporation in Southlake, Texas.

“We are grateful to have partnered with Government Capital on this project,” Paige Austin, General Manager for Caney Creek Municipal Utility District, shared. “Their team’s knowledge and expertise made the financing process easy and allowed us to begin our infrastructure upgrades with no wait time or hassle.”

“I want to congratulate Paige Austin and the Caney Creek Municipal Utility District on this project,” Stephanie Cates, Vice President at Government Capital Corporation, commented. “We are proud to partner with Texas Utility Districts as a financing resource to help them achieve their goals and objectives.”

About Caney Creek MUD

Caney Creek Municipal Utility District, located in the “Sargent” area of Matagorda County, was created on July 26, 1978. The District is a coastal community located generally along Caney Creek for about 15 miles north from its discharge into the Gulf of Mexico at the east end of Matagorda Bay and about 75 miles southwest of the Houston metropolitan area. To learn more about Caney Creek Municipal Utility District, visit www.ccmud.org.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

City of Granbury Announces Utility Equipment Acquisitions

Granbury, TX (August 2026) – The City of Granbury announces the acquisition of new heavy equipment for the electric and wastewater departments. The equipment for the electric department will be utilized to safely install, maintain, and repair electrical infrastructure throughout the city. The equipment for the wastewater department will replace outdated equipment and will be used to service 47 lift stations and two wastewater treatment plants.

The equipment has been delivered to the city and put into use, improving reliability, reducing downtime, and supporting safe and efficient operations throughout the city. Financing for the acquisition was provided by Government Capital Corporation, Southlake, Texas.

“Governmental Capital provided a reliable solution to the City’s financing needs and delivered a very easy and streamlined process from the beginning to the very end,” Eva Gregory, Director of Finance for the City of Granbury, shared. “Their entire team was committed to meeting the City’s capital funding needs by offering clear guidance along with exceptional support throughout the process.”

“I want to congratulate the City of Granbury on this equipment acquisition,” Stephanie Cates, Senior Vice President at Government Capital Corporation, commented. “We take great pride in partnering with Texas cities to support them in achieving their goals and objectives.”

About The City of Granbury

The City of Granbury is located in North Central Texas and was founded in 1860. Home to over 10,000 residents, Granbury is a place people are proud to call home. The city is alive with events and activities all year long and was voted USA Today’s Best Historic Small Town in America for multiple years in a row. To learn more about the City of Granbury visit www.granbury.org.

About Government Capital Corporation 

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

Bay City CDC Celebrates Aquatic Center Groundbreaking

Bay City, TX (August 2026) – After years of careful planning, the Bay City Community Development Corporation, the City of Bay City, Matagorda County, and the YMCA celebrate the groundbreaking of their landmark aquatic center. The project came about through Wellness Matagorda, an organization started in Matagorda County to help residents live healthier lives. Wellness Matagorda first created a Wellness Dome through their partnership with the hospital, offering a gym and therapy space to residents, followed by a walking trail. The aquatics center was the final phase of the project, made possible by the public private partnership between Bay City CDC and the YMCA.

Located adjacent to the Bay City Civic Center, the Aquatic Center will provide the county’s first year-round public aquatics center, offering safe, accessible opportunities for recreation, fitness, competitive swimming, and lifesaving water safety education. The Aquatics Center will feature an indoor pool for year-round use, an outdoor recreation pool, and spaces designed to support swim instruction, aquatic fitness, and competitive athletics.

While the Center will provide valuable recreational opportunities, its primary purpose is to improve water safety and community wellness. As a coastal county, Matagorda County faces an ongoing need for accessible swim instruction and water safety education. Through YMCA programming, the Center will offer swim lessons, water safety education, lifeguard certification, and more.

Groundbreaking on the site took place July 20th followed swiftly by the start of construction. The outdoor sections of the Center are anticipated to be completed in the Summer of 2027, followed by completion of the indoor sections in the Fall of 2027. Financing for the project was provided by Government Capital Corporation, Southlake, Texas.

“We are incredibly grateful to Government Capital for their knowledge and expertise in financing for Texas community development corporations,” Melanie Townsend, Executive Director at Bay City CDC, shared. “Their partnership allowed us to make our vision a reality for our community.”

“I want to congratulate Melanie Townsend, Bay City CDC, and the communities of Bay City and Matagorda County on this landmark project,” Stephanie Cates, Senior Vice President at Government Capital Corporation, shared. “We take great pride in partnering with Texas development corporations and their private partners to provide funding to achieve their goals and objectives.”

About Bay City Community Development Corporation

Bay City, the county seat of Matagorda County, Texas, is situated just one hour from Houston and 20 miles from the Texas Gulf coast. The city covers 8.5 square miles and has a population of over 17,500 people. Bay City CDC’s mission is to create a welcoming, positive environment that encourages new and current businesses and their employees to invest in Bay City with human and financial capital. To learn more about Bay City CDC, visit baycitytxcdc.net.

About Government Capital Corporation

Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company and its affiliates have successfully completed thousands of municipal financings exceeding $7 billion in Texas and across the country. For more information, visit www.govcap.com.

Little Elm Texas adds Texas First Rentals

Little Elm Economic Development Corporation
Partners with Texas First Rentals

Little Elm Economic Development Corporation
Little Elm EDC in Little Elm Texas

Little Elm, Texas (August 22, 2017) – Little Elm Economic Development Corporation (EDC) announced the addition of Texas First Rentals to the Town of Little Elm. Texas First Rentals is the nationwide rental division of HOLT CAT (www.texasfirstrentals.com) and is anticipating an opening date of April, 2018.

The approximately 10,000 square foot building to be occupied by Texas First Rentals will include 3,000 square feet of sales offices and 7,000 square feet of service shop and retail space. The facility will be located on 10.3 acres east of Holt drive on U.S. Highway 380. Texas First Rentals’ partnership with Little Elm EDC will create 30 jobs and increase sales tax revenue for the city.

Government Capital Corporation based in Southlake, Texas, was chosen to finance the $3 million project. At the end of the 25 year financing term, ownership of the building will pass to Texas First Rentals.

Jennette Killingsworth-Espinosa, Executive Director of Little Elm EDC stated, “This project would not have been possible without the expertise and experience of our financing partner, Government Capital Corporation. We have completed multiple projects together and I highly recommend Government Capital Corporation to all Texas EDCs.”

“Congratulations to Mrs. Killingsworth-Espinosa and the team at Little Elm EDC for their foresight and ingenuity to create such a unique structure that provides a win-win for both Texas First Rentals and Little Elm for years to come,” said Kevin Lerner, Senior Vice President of Government Capital.

 About Little Elm Economic Development Corporation
Little Elm Economic Development Corporation is located in Little Elm, Texas, in Denton county and serves approximately 35,000 residents in the city with more shoreline than any other in North Texas. The EDC participates in four Tax Increment Reinvestment Zones for financing public improvements, as well as a Town Center Development branded as the Lakefront, offering new opportunities for retail and mixed use developers. For more information: www.littleelmedc.com

About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Economic Development Corporations 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: 800-883-1199, www.govcap.com

Italy ISD Launches Energy Conservation Project

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

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