KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY (KICFA)
The Kansas Independent College Finance Authority is a separate legal entity created by cities where KICA institutions are located for the purpose of assisting those institutions with financing working capital, and the construction, acquisition, and renovation of educational facilities and structures.
Private Education Short-Term Loan Program – KICFA helps KICA institutions alleviate cash flow difficulties that are typically experienced during part of each fiscal year due to tuition revenue timing.KICFA issues tax-exempt working capital revenue anticipation notes and loans the note proceeds to participating institutions.
Educational Facilities Finance – KICFA issues bonds, notes and other obligations, including federal and state income tax-exempt bonds, to help KICA institutions access capital markets and borrow low-cost funds to finance costs of educational facilities.
KICFA presently has fourteen Member cities located in the State of Kansas including the cities of Atchison, Baldwin City, Hesston, Hillsboro, Leavenworth, Lindsborg, McPherson, North Newton, Olathe, Ottawa, Salina, Sterling, Wichita and Winfield.KICFA is governed by a board of representatives consisting of the president of each KICA institution located within a KICFA member city. Current representatives are listed here.
For more information regarding KICFA and its financing programs, please contact KICA President, and ex officio KICFA representative, Matthew E. Lindsey or KICA Director of Office Operations Mark A. Millikan