Leading by Example in Public Buildings - EERE - U.S. Department ...
Leading by Example in Public Buildings - EERE - U.S. Department ...
Leading by Example in Public Buildings - EERE - U.S. Department ...
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Us<strong>in</strong>g ARRA Funds to Support<br />
QECB QECBs<br />
• Debt service reserve fund<br />
– Used to repay pr<strong>in</strong>cipal & <strong>in</strong>terest <strong>in</strong> the event<br />
that the borrower is unable (or revenues are<br />
<strong>in</strong>sufficient)<br />
• Capitalized <strong>in</strong>terest fund<br />
– Used to make bond coupon/<strong>in</strong>terest payments<br />
• Pr<strong>in</strong>cipal s<strong>in</strong>k<strong>in</strong>g fund<br />
– Used to make bond pr<strong>in</strong>cipal payments
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