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 Citation: | Sections 79-1801 to 79-1852 |
Parent Agency: | None |
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 |
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 |
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 |
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. |