Tax-Exempt Equipment Leasing Program (TELP)

Tax-Exempt Savings for Vital Equipment

"United Health Services (UHS) uses TELP on an annual basis and has executed deals totaling almost $100 million. The annual interest savings achieved through TELP helps participating hospitals like UHS to provide quality hospital services and technologies at a lower cost."

Carmen Mazzotta

Advisor to UHS and Health Capital Partners, LTD President

DASNY’s Tax-Exempt Equipment Leasing Program (TELP) helps our customers to finance state-of-the-art equipment.

Health care facilities, higher education institutions and certain other eligible not-for-profit institutions receive the benefit of tax-exempt financing by using TELP.

Eligible New York State borrowers include:

  • Any not-for-profit hospital

  • Residential health care facilities

  • Diagnostic and treatment centers

  • Higher education institutions

  • Certain not-for-profit corporations legally authorized to do business with DASNY

Some of the eligible equipment include:

  • Electronic medical records systems

  • Radiology equipment

  • Angiographic systems

  • CT scanners and other imaging systems

  • MRI systems

  • Laboratory/clinical analysis equipment

  • Telecommunications equipment

  • Energy management equipment

  • Surgical equipment

  • Information technology equipment

View TELP Program Brochure

TELP Provides

  • Low interest rates
  • Simplified documentation
  • Financing for multiple equipment purchases
  • A vehicle to finance industry leading technologies to keep systems up-to-date

Arthur R. Ware

Senior Financial Analyst, TELP

[email protected]

(518) 257-3373

 

DASNY's Savings Calculator/Amortization Schedule and Cost of Financing

Use the tools below to see how DASNY's TELP program can save you money

 

TELP provides clients with the ways and means to finance the most current technologies and keep systems up-to-date.

Savings Calculator / Amortization Schedule
To illustrate the savings DASNY clients typically experience through the use of the TELP Program, the following table presents the weighted average interest cost achieved by DASNY for 13 leases during the year ending December 31, 2017. The Weighted Average Calculation Matrix uses the average taxable and tax-exempt rates.

Comparable Tax-Exempt & Taxable Interest Rate from January 1-December 31, 2017

 

All Transactions

Tax-Exempt Rate

2.0%

Taxable Rate

3.17%

 

 

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.

TELP Reports and Calendar of Events