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Nebraska Elementary and Secondary School Finance Authority

General Information
  • Formal Name:
    Nebraska Elementary and Secondary School Finance Authority
  • Contact Person:
    Thomas J. Purcell
  • Purpose:
    To assist private institutions of elementary and secondary education in the constructing, financing, and refinancing of projects.
  • How Many Affectable:
    Nebraska has approximately 200 non-public schools
  • How Many Served:
    NESSFA has done transactions for approximately 25 such schools
  • Year Created:
    1997
  • Year Active:
    2003
  • Sunset Date:
    None
Authorization
  • Authorization Citation:
    Sections 79-1801 to 79-1852
  • Parent Agency:
    None
Memberships and Meetings
  • Number Of Members:
    Five
  • Who Appoints:
    Governor
  • Legislative Approval:
    None
  • Qualifications Of Members:
    None
  • Per Diem:
    No
  • Expense Reimbursement:
    Yes
  • Term Length:
    four years
  • Terms Rotate or Expire At Once:
    Terms Rotate
Meetings Required In:
  • Required FY 13-14:
    None
  • Held FY 13-14:
    3
  • Required FY 14-15:
    None
  • Held FY 14-15:
    1
  • Required FY 15-16:
    None
  • Held FY 15-16:
    1
Operations
  • Support Staff:
    None
  • Shared or Separate:
    Not Applicable
  • FY 13-14 Budget:
    $0
  • FY 14-15 Budget:
    $0
  • FY 15-16 Budget:
    $0
  • Other Funding Sources:
    Fees from participating schools (0.1% of amount financed)
  • Spending Authority:
    Section 79-1816
Accomplishments
  • Since July 1, 2012:
    The Authority has entered into six transactions involving six schools provided tax-exempt financing totaling $15,488,194. The financings during such time period benefited the following schools: Duchesne Academy of the Sacred Heart, Creighton Preparatory School, Skutt High School, Marian High School, Archbishop Bergan Catholic School, and Omaha Christian Academy.