CAB Restructuring Bonds®

CAB Restructuring Bonds are designed to help California school and community college districts convert costly capital appreciation bonds into lower-cost current interest bonds in order to help save millions of dollars in future interest payments.

Although the State legislature prohibited California K-14 districts from issuing long-term capital appreciation bonds with debt ratios of at least 4-to-1, beginning in 2014, the legislation (AB 182) did not address the $3 billion of high-interest capital appreciation bonds already issued by more than 200 districts between 2001 and 2013.

This debt, which could balloon to nearly $20 billion over the next 40 years if left unchecked, will be the responsibility of future generations of California taxpayers for decades to come. DS&C’s proprietary CAB Restructuring Bonds® help districts mitigate this problem.

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San Francisco, CA 94108

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Upcoming and Recent Financings

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Ed-Tech Bonds®

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Ed-Tech Bonds®

Developed and patented by DS&C, Ed-Tech Bonds® provide a fiscally responsible, ongoing solution to the statewide problem of financing educational technology

Cash Reserve Program

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Cash Reserve Program

Guard against temporary cash flow shortages in a safe, cost-effective way by creating an additional cash reserve to the general fund.

CAB Restructuring Bonds®

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CAB Restructuring Bonds®

CAB Restructuring Bonds® allow districts to convert costly capital appreciation bonds into lower-cost current interest bonds, saving millions.

GO Flex-Bonds®

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GO Flex-Bonds®

GO Flex-Bonds® provide districts with an ongoing source of facility funding with reduced borrowing costs and greater fiscal controls.

GO Reauthorization Bonds®

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GO Reauthorization Bonds®

Avoid stalled GO bond programs by seeking voter approval to keep projects on track without increasing debt.