El Paso County has issued over $490 million in tax-exempt bonds to nonprofit organizations within El Paso County. The types of facilities financed include private higher education facilities, health care facilities, zoo and community support facilities.

Tax-exempt bond financing offers qualifying nonprofit organizations the ability to access low-cost capital for their long-term financing needs, which helps the organization reduce financing costs, improve cash flow, and utilize the savings to expand programs without having to sacrifice needed capital improvement projects. These transactions are designed to raise capital for revenue-generating projects that benefit the public.

Recent El Paso County Nonprofit Private Activity Bond Issuances

  • 2022: United States Air Force Academy: El Paso County issued Private Activity Bonds (PAB) to finance a portion of the construction, improvement, and equipping of the Falcon Stadium renovation; funding of a debt service reserve fund; and paying certain issuance expenses.
  • 2020: Colorado College: El Paso County issued Private Activity Bonds (PAB) to finance and refinance working capital expenditures and the acquisition, construction, renovation, expansion, improvement and equipping of various higher education capital projects located on the College’s campus, and pay certain issuance expenses.
  • 2019: Colorado College: El Paso County issued PAB to finance the acquisition, construction, renovation, remodeling, relocation, expansion, improvement and equipping of various capital projects located on the College’s campus, and pay certain issuance expenses.
  • 2018: Rocky Mountain Health Care Services: El Paso County issued PAB to refinance previously issued Improvement and Refunding Revenue Bonds, the proceeds of which were used for financing or refinancing the costs of certain capital expenditures relating to the health care facilities.
  • 2016: Pikes Peak YMCA: El Paso County issued PAB to previously issued Variable Rate Demand Revenue Bonds, the proceeds of which were used for the financing and/or refinancing of the acquisition, construction, and equipping of various properties, and pay certain issuance expenses.

Learn more about Nonprofit Private Activity Bonds:

Nonprofit Private Activity Bonds Overview

Nonprofit Private Activity Bonds Information

IRS: Tax-Exempt Bonds for 501(c)(3) Charitable Organizations

Colorado Department of Local Affairs (DOLA)

El Paso County Nonprofit PAB Specifics

Fee Structure

Issuer Closing Fee: .125% (12.5 bps)

El Paso County Nonprofit PAB Application

For inquiries regarding Nonprofit Private Activity Bond applications, please contact Crystal LaTier or Sara Lobato.