Posts by RIHEBC

S&P’s 2018 independent school median ratios are out. How does your school compare? Click here to look at the article!

The Bond Buyer recently released a commentary on Rule 15c2-12 and the potential for issuers missing information regarding the Rule. To read more, please click this link.

We are pleased to kick off our quarterly newsletter with our very first one below.  It is a quick look back at calendar year 2018, including our bond issues and what has changed at RIHEBC, along with important reminders for you, our constituents, and a look ahead to 2019.  We hope you enjoy.

Mayer Hoffman McCann, P.C., an independent CPA firm, has released their annual Not-for-Profit Accounting Review. To read more, please click the picture below! 2019 Not-for-Profit Accounting Review

PRESS RELEASE For Immediate Release: February 1, 2019 PROVIDENCE, R.I. – The Rhode Island Health and Educational Building Corporation (RIHEBC) announced the issuance of $9.5 million in Educational Institution Revenue Bonds on behalf of Achievement First Rhode Island. The tax-exempt bonds closed on January 31, 2019 and will be used to refinance $6.5 million in…

The Bond Buyer has reported that there have been some concerns among issuers with the amendments to Rule 15c2-12. To read the full article, please click the following link.

The School Building Authority (SBA) at RIDE has prepared and posted draft guidance document regarding the Statewide School Construction Bond. The guidance document includes information about applicability of and requirement for each of the six temporary bonus incentives and the one permanent bonus incentive, as well as an overview of the disbursement mechanism for the upfront funding associated with the $250 million School…

RIHEBC announced the issuance of $5 million in Educational Facility Revenue Refunding Bonds on behalf of Meeting Street

The Bond Buyer has reported that the Government Finance Officers Association (GFOA) and other municipal groups have issued an alert to its members about the upcoming effective date of the SEC’s Rule 15c2-12. To read more, download the article.

PROVIDENCE, R.I. – The Rhode Island Health and Educational Building Corporation (RIHEBC) announced the issuance of $19.8 million in Higher Education Facility Revenue Bonds on behalf of the Rhode Island Council on Postsecondary Education (the Council). The tax-exempt bonds closed on December 12, 2018, and will be used to finance the engineering and construction of…