2016 Boards and Commissions

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.