NCCFFA
The North Carolina Capital Facilities Finance Agency
The North Carolina Capital Facilities Finance Agency (NCCFFA) provides the benefits of tax-exempt financing to non-profit institutions providing elementary and secondary education, private institutions of higher education, and various other entities for special purpose projects serving a public interest.
Calendar
Meetings begin at 1:00PM unless otherwise noted. NCCFFA members and staff, and units appearing on the agenda may choose to attend the meeting on-site; however, others wishing to attend should participate via the GoToWebinar link below. Issues registering for or connecting to the meeting should be reported to SLGFD@nctreasurer.com.
| Meeting Date | Agenda | Audio | Minutes |
|---|---|---|---|
| January 7, 2025 – February 4, 2025: no meetings | |||
| March 4, 2025 | Agenda | Audio | Minutes |
| April 2025 – July 2025: no meetings | |||
| August 5, 2025 NOTE: Meeting start time 12:30 p.m. Click here to join the meeting. | Agenda | Audio |
Application Process
Please contact NCCFFA staff (NCCFFA@nctreasurer.com) 45-60 days prior to the target LGC approval meeting date.
The North Carolina Capital Facilities Finance Agency approves the issuance of conduit debt. Approved NCCFFA applications require the subsequent approval of the Local Government Commission for the sale of the debt issuance.
North Carolina Capital Facilities Finance Agency
Pursuant to the Private Capital Facilities Finance Act, Chapter 159D, Article 2 of the North Carolina General Statutes, the General Assembly of North Carolina has created the North Carolina Capital Facilities Finance Agency. The legislation permits qualified private nonprofit institutions to borrow at tax-exempt rates thereby reducing their cost of capital. Many capital projects undertaken by qualified institutions can be financed through the Agency. The Agency is contained within the Department of State Treasurer and receives applications for financing.
The office location and delivery address for courier, FedEx, and similar delivery methods is as follows:
NC Capital Facilities Finance Agency
3200 Atlantic Avenue
Raleigh, NC 27604
The Agency is composed of a seven-member board that meets monthly on the first Tuesday of the month, as necessary, to consider applications for financing.
Local Government Commission
The Local Government Commission (the "Commission") is a nine-member board chaired by the State Treasurer and is located within the State and Local Government Finance Division of the Department of State Treasurer. The Commission assists units of local government and public authorities in the areas of debt and fiscal management. Local government debt, including bonds issued by the Agency, must be approved by the Commission.
The Local Government Commission usually meets on the first Tuesday of each month.
Application Due Date
The complete application, including all required documents, is due no later than twenty-one business days prior to the date of the LGC meeting at which the entity would seek the application to be considered. LGC meeting dates are listed on the meeting calendar. In more complex transactions, staff may require earlier submission. Please contact Agency staff for additional information.
Remember: Please contact NCCFFA staff at NCCFFA@nctreasurer.com at least 45-60 days prior to the target LGC approval meeting date.
Application Fees
On each bond issue, the Agency requires an application fee, due AFTER the Agency/LGC approvals but PRIOR to the closing date of the financing, equal to .10% (.0010) of the par amount of the issue with a minimum fee of $2,000. In addition, an application to the Local Government Commission to approve the issuance of the bonds is required. The fee for Local Government Commission consideration is $12,500.
An annual fee of $1,000 will be due to the Agency each year on the anniversary of the date of the bond for so long as any part of the issue remains outstanding.
Fees should be paid by check made payable to the Department of State Treasurer.
As a service to potential applicants, the staff of the Agency has compiled and is providing the following information submitted by North Carolina bond counsel firms. Neither the Agency nor its staff is responsible for the accuracy of the content in this list. Additionally, neither the Agency nor its staff recommends or endorses these firms, and the inclusion of a firm on this list does not imply an Agency or staff endorsement, recommendation, or approval.
This list does not include all firms offering bond counsel services; firms are asked to contact NCCFFA@nctreasurer.com to (1) update contact information or (2) be included in the Agency’s online list.
Updated August 18, 2025.
Maynard Nexsen
McGuireWoods
Parker Poe
Pope Flynn
Robinson Bradshaw
Womble Bond Dickinson
Please provide all information requested in each section of the application. Attachments may be included with the application to provide the requested information
LGC Guidelines for Approval related to the Unit Assistance List (UAL) and Financial Performance Indicators of Concern (FPICs) do not apply to NCCFFA applications.