Flexible Terms

Lease Purchases are structured as a series of one year renewable obligations subject to the municipality's ability to appropriate funds for the continuation of lease payments. The lease payment constitutes a current expense. Appropriation risk is mitigated by financing only essential purpose equipment and facilities.

Who is Eligible to Utilize Tax-Exempt Leasing?

Section 103 (a) (1) of the Internal Revenue Code defines eligibility for "any state, territory, or possession or any political subdivision of the foregoing or of the District of Columbia. This eligibility may be subject to certain state and local restrictions

Advantages

The Lease Purchase structure offers many advantages including flexibility and the establishment of equity interest with each payment. It allows for the financing of equipment and facilities without the creation of long term debt. It is designed to cover a term which closely matches the useful life of the building or equipment, and provides for ownership at the end of the repayment term.  

A program can be tailored to fit your needs.

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Municipal Asset Management, Inc.
Over Thirty Years of Industry Experience

 800-949-6685
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Lease

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