The Capital Financing Program (CFP) provides loans to local governments in North Dakota (like cities, counties, townships or school districts) to help them save money on borrowing. As long as they meet credit and program requirements, these local governments can borrow money for any legal purpose. There’s no set limit on the loan amount, but they must show they can repay it.
The interest rate on the loan is based on current market rates. It’s set through a competitive bidding process when the Authority raises money by selling its own bonds. The rate the Authority pays on those bonds is the same rate the local government will pay on its loan.
The CFP has been assigned a rating of "AA-" by Standard & Poor's Ratings Group.
Pre-Application
»Funding for Infrastructure in North Dakota (FIND) -- Pre-Application is in FIND. Log In Instructions for FIND are on Right Hand Side of the Log In Screen.