The Kentucky Association of Counties Leasing Trust Program (CoLT), formed in 1989, was designed to offer county governments and their related political subdivisions an easier and more cost efficient method of financing capital projects.  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 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.

Other features that make the program desirable for Counties and Special Districts are:

• No Closing Costs
• No Application Fee
• No Financial Advisory Costs
• No Underwriting Costs
• No Bond Counsel Costs
• Quick Approvals

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.

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