Client Institutions must submit reporting requirements as agreed upon in the Loan Agreement, Trust Indenture, Master Trust Indenture (if applicable), and for variable rate bond issues, the Reimbursement Agreement (for reporting requirements as they pertain to the Authority).
Compliance monitoring continues until the bonds are paid in full or defeased.
CHEFA's Client Financial Services staff reviews the Loan Agreement, Trust Indenture, Master Trust Indenture and the Reimbursement Agreement to identify the reporting requirements for each bond issue and enters them into the BONDS database.
The system determines items that are due and/or past due and a quarterly ('packet") is sent to each facility. This packet identifies current filing requirements, provides forms and/or past due notices. Clients should submit their reports before the deadline. A follow-up courtesy call may be made during the quarter to remind the Client Institution of those items that remain outstanding.