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About DASNY
Financial

Tax Exempt Leasing Program

  1. Eligibility
  2. Application
  3. Savings/Calculator
  4. Cost of Financing
  5. Partnerships
  6. Reports
  7. 2014 Calendar of Events
  8. TELP in the News
  9. Contact

1. Eligibility

Eligible New York State borrowers include:

Some of the eligible equipment include:

2. Application

3. Savings/Calculator

On average, you can save approximately $100,000 on each $1 million leased. TELP provides clients with the ways and means to finance the most current technologies and keep systems up-to-date.

Savings Calculator/Amortization Schedule

 

4. Cost of Financing

All of the fees listed below can be financed as part of the cost of issuance. Note however that the fees will be counted against the 2% limit that can be financed on a tax-exempt basis.

DASNY Administrative $75,000  cap1
TEFRA Publication  varies2
Institution Counsel  varies
DASNY Bond Counsel  varies
Escrow Agent (if required)  varies
Financial Advisor (if required)  varies

1 The fee is 30 basis points on the par amount of the lease with a maximum cap of $75,000. The fee may be prorated over multiple closings within a one-year period in the event that a multi-phase program is undertaken during that period.

2 This fee is generally paid directly by the Institution to the local newspaper(s) that published the TEFRA notice. If the transaction does not close, the Institution will be required to pay the cost of publishing the TEFRA notice.

5. Partnerships

6. Reports

7. Calendar of Events 2014

8. News

9. Contact

Arthur Ware
Sr Financial Analyst | Public Finance
515 Broadway, Albany, NY 12207
518.257.3373