Post-Issuance Tax Compliance Services
CHEFA assists borrowers in preserving the tax-exempt status of their bonds
Safeguarding Tax Exemption through Compliance
CHEFA offers comprehensive post-issuance compliance services designed to reduce administrative burdens, provide expert guidance on complex documentation, and safeguard your institution’s financial standing with the transaction.
99% Compliance Rate
Post-Issuance Compliance Services:
Customized Covenant & Reporting Compliance Onboarding
Independent Covenant Verification
Document Interpretation & Advisory
Streamlined process for Consent & Waivers
Construction Fund Management
Reviewing Requisition and Draw Request to ensure compliance with bond documents and TEFRA requirements
Fund investments managed and directed by CHEFA to comply with tax requirements.
Maintain adequate records of allocation of proceeds to expenditures
Construction Fund Management
CHEFA assists in the payment of Costs of Issuance invoices, as well providing oversight of the use and investment of funds in the Construction Fundand Capitalized Interest Accounts.
Monitor Arbitrage Rebate Liabilities
CHEFA provides Arbitrage Rebate Compliance for all CHEFA issued bonds. We monitor liabilities and assist with payment to the Internal Revenue Service
99% Compliance Rate
Arbitrage Rebate Services:
Calculates Bond and Investment Yields
Monitors Spending Exceptions
Monitors Rebate and Yield Restriction Liabilities
Maintain records of calculations and payments to IRS