California Educational Facilities Authority

Selection of Finance Team

  • Underwriter(s) may be designated by Borrower from the State Treasurer's Office (STO) approved Underwriter Pool
  • Borrower selects its own Counsel
  • Borrower may select Bond Counsel from the STO approved Bond Counsel Pool with California Educational Facilities Authority (CEFA) consent
  • Borrower may utilize a financial advisor (FA)
  • CEFA represented by Attorney General's (AG) Office or a designated outside attorney, acting as issuer counsel
  • CEFA Financial Advisors are Public Financial Management (PFM) and Fieldman, Rolapp & Associates, Inc.
  • CEFA Financial Analyst (evaluates creditworthiness of applicant) is Macias, Gini & O'Connell LLP
  • STO is Agent for Sale (following approval, pricing and bond sale are to be coordinated through CEFA with STO)
  • Trustee/Paying Agent may be selected by Borrower with CEFA consent
  • CEFA will designate an Analyst for each Financing as Primary Contact
  • CEFA Analyst will provide contacts for CEFA/STO/AG participants
  • Credit or Liquidity Enhancer identified by Borrower