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The Kentucky Association of Counties Leasing Trust, better known as CoLT, was formed in 1989. From the beginning, CoLT’s goal has been to offer the counties and their political subdivisions the safest, most convenient and the most economical way to borrow money to finance any governmental project.
Funding through the Program has been used to finance equipment purchases, construction of libraries, healthcare clinics and extension service facilities, AOC projects, grant anticipation projects and more. To date, we have closed over 1,000 leases totaling nearly $500,000,000.
Since 1996, CoLT has offered general obligation leases for any governmental purpose. Our leasing program is flexible and will be |
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tailored to fit your budget. We offer variable rate leases as well as fixed rate leases with terms of 30 days up to 30 years. Additionally, we have the ability to structure leases so that principal and interest can be paid either monthly or annually and for the lowest rates attainable.
Eligible projects include: courthouses, road equipment, dump trucks, paving projects, fire/safety equipment and vehicles, 911 systems, computer equipment, voting machines, jails, water & sewer lines, libraries, and all other essential governmental needs. CoLT offers financing for a broad range of capital projects including construction, renovation, equipment purchases, and practically any other essential governmental project. |
With many traditional forms of finance, once the papers have been signed and your project funded, you are on your own. It is CoLT’s pledge to stand with you through every step of the financing of your project to make it easy, convenient and pain free every time you need us. |
| CoLT Features:
- NO Closing Costs
- NO Application Fee
- NO Financial Advisory Costs
- NO Underwriting Cost
- NO Bond Counsel Cost
- Flexible Terms
- Quick Approvals
- The Lowest Term Possible |
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