31 CFR 223.7 - Investment of capital and assets.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance:Treasury 2 2011-07-01 2011-07-01 false Investment of capital and assets. 223.7 Section 223.7 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT SERVICE SURETY COMPANIES DOING BUSINESS...

31 CFR 223.7 - Investment of capital and assets.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance:Treasury 2 2013-07-01 2013-07-01 false Investment of capital and assets. 223.7 Section 223.7 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT SERVICE SURETY COMPANIES DOING BUSINESS...

Capital financing options for group practices.

PubMed

Galtney, B

2000-05-01

Group practices that are looking for capital partners need to demonstrate that they have the necessary management capability to operate a successful business capable of repaying the debt. Two basic types of debt financing are available to group practices: fixed-rate financing and variable-rate financing. Fixed-rate financing, the more common method, involves borrowing a specific amount of money and then paying off the debt in principal-and-interest payments, much like a fixed-rate mortgage. Variable-rate financing, on the other hand, involves obtaining a letter of credit from the lender itself or independent guarantor to secure a loan. The variable-rate method is more efficient and flexible, because the notes secured by the letter of credit can be rated independently and sold into public capital markets like short-term, variable-rate paper. Both types of financing can require the personal guarantee of all physicians in the group practice.

Factors associated with lease financing in the hospital industry.

PubMed

McCue, Michael J

2007-01-01

In contrast to capital leases, which are reported on the balance sheet as debt, operating leases are a form of off-balance sheet financing only reported in the notes to the financial statement and have limited disclosure requirements. Following the perpetuity method of corporate finance, this study developed a capitalized operating lease value for hospitals. Evaluating the substitutability between lease and debt financing, the findings show a marginal displacement of debt by lease financing. Assessing the relationship of market, mission, operating, and financial factors on lease financing for all short-term, acute-care hospitals across the United States, the results indicate that investor-owned hospital management companies and hospitals located in CON markets are less likely to lease and that smaller hospitals with fewer unoccupied beds, higher proportion of government payers, low liquidity, and lower capital expenditures are more likely to lease.

31 CFR 223.15 - Paid up capital and surplus for Treasury rating purposes; how determined.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Paid up capital and surplus for Treasury rating purposes; how determined. 223.15 Section 223.15 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT...

75 FR 68615 - Notice of Submission of Proposed Information Collection to OMB; Public Housing Capital Fund...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-11-08

... below has been submitted to the Office of Management and Budget (OMB) for review, as required by the..., development, financing, and management improvements. The funds are allocated based on a complex formula. The... any Mixed-Finance and Capital Fund Financing transactions. Respondents include the approximately 3,200...

State Provisions for Financing Public-School Capital Outlay Programs. Bulletin, 1951, No. 6

ERIC Educational Resources Information Center

Lindman, Erick L.; Hutchins, Clayton D.; Morphet, Edgar L.; Rellke, Theodore L.

1951-01-01

This study of State Provisions for Financing Public School Capital Outlay Programs has been conducted in accordance with a resolution requesting the study. It constitutes the first comprehensive effort to analyze existing policies and practices of States which participate in the financing of local schoolhouse construction. It also develops and…

31 CFR 223.15 - Paid up capital and surplus for Treasury rating purposes; how determined.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance:Treasury 2 2011-07-01 2011-07-01 false Paid up capital and surplus for Treasury rating purposes; how determined. 223.15 Section 223.15 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT...

31 CFR 223.15 - Paid up capital and surplus for Treasury rating purposes; how determined.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance:Treasury 2 2013-07-01 2013-07-01 false Paid up capital and surplus for Treasury rating purposes; how determined. 223.15 Section 223.15 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT...

31 CFR 223.15 - Paid up capital and surplus for Treasury rating purposes; how determined.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 31 Money and Finance:Treasury 2 2012-07-01 2012-07-01 false Paid up capital and surplus for Treasury rating purposes; how determined. 223.15 Section 223.15 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT...

Putting "Entrepreneurial Finance Education" on the Map: Including Social Capital in the Entrepreneurial Finance Curriculum

ERIC Educational Resources Information Center

Macht, Stephanie Alexandra

2016-01-01

Purpose: The purpose of this paper is to bring attention to "entrepreneurial finance education", an aspect of entrepreneurship education that is widely taught but neglected by the educational literature. It does so by exploring how social capital, a key resource for entrepreneurs, can be incorporated into entrepreneurial finance…

Developing Practices Concerning General Obligation School Bonds and Capital Outlay Financing.

ERIC Educational Resources Information Center

Shockley, Emmett

A review is presented of the history and evolution of general obligation school bonds and capital outlay financing for public education. Following a discussion of past legislation of several states concerned with school borrowing, the evolution of school bonding is explained in terms of increased school financing from 1900 through 1958.…

A disciplined approach to capital: today's healthcare imperative.

PubMed

Dupuis, Patrick J; Kaufman, Kenneth

2007-07-01

BJC HealthCare's experience exemplifies several basic principles of a finance-based approach to capital. Organizations that adopt this approach look to improve processes first, remove costs second, and spend capital last. Multiyear planning is required to quantitatively identify the profitability and liquidity requirements of strategic initiatives and address essential funding and financing issues.

A Capital-Financing Plan for School Systems and Local Government

ERIC Educational Resources Information Center

Hodge, Penny

2012-01-01

School business officials are best equipped to lead in funding operating and capital needs because they understand the need for a methodical means of funding ongoing costs over time and the benefits of planning for future financial needs rather than letting emergencies dictate spending priorities. A capital-financing plan makes it possible to…

Capital Outlay: A Critical Concern in Rural Education. ERIC Digest.

ERIC Educational Resources Information Center

Hunter, James; Howley, Craig B.

This digest, which is based primarily on the 1989 ERIC/CRESS monograph entitled "Achievement of Equity in Capital Outlay Financing: A Policy Analysis for the States," by D. Thompson G. Stewart, D. Honeyman, and R. Wood, addresses possible solutions to the emerging problem of capital outlay financing, with special attention to facilities…

CAPITATION IN HEALTHCARE FINANCING IN GHANA.

PubMed

Aboagye, A Q Q

2013-05-01

To analyse implementation of the pilot study of the per capita system of healthcare financing in Ghana in 2012 for a determination of the likelihood of realising the inherent theoretical benefits when the system is rolled out nationally. First, publicly available information on how the pilot unfolded is presented, followed by the reaction of the health authorities to these developments. We then analysed accrued evidence on costs and developments vis-à-vis the theoretical benefits. It would appear that preparation for the pilot exercise could have been handled better. Concerns include i) the low level of both education and awareness of the capitation system among healthcare subscribers and primary care providers; ii) confusion about service provider to whom subscribers had been assigned for the capitation period; and iii) service providers not understanding differences between capitation financing and financing under the Ghana diagnostic Related Grouping; and iv) some indication of cost savings. Cost savings may be available nationally. This is important because cost containment is the driving force behind the introduction of the capitation system.

Financing strategic healthcare facilities: the growing attraction of alternative capital.

PubMed

Zismer, Daniel K; Fox, James; Torgerson, Paul

2013-05-01

Community health system leaders often dismiss use of alternative capital to finance strategic facilities as being too expensive and less strategically useful, preferring to follow historical precedent and use tax-exempt bonding to finance such facilities. Proposed changes in accounting rules should cause third-party-financed facility lease arrangements to be treated similarly to tax-exempt debt financings with respect to the income statement and balance sheet, increasing their appeal to community health systems. An in-depth comparison of the total costs associated with each financing approach can help inform the choice of financing approaches by illuminating their respective advantages and disadvantages.

31 CFR 223.15 - Paid up capital and surplus for Treasury rating purposes; how determined.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance: Treasury 2 2014-07-01 2014-07-01 false Paid up capital and surplus for Treasury rating purposes; how determined. 223.15 Section 223.15 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY BUREAU OF THE FISCAL...

The Bias in Favor of Venture Capital Finance in U.S. Entrepreneurial Education: At the Expense of Trade Credit

ERIC Educational Resources Information Center

Clement, Thomas; LeMire, Steven; Silvernagel, Craig

2015-01-01

The authors examine whether U.S. college-level entrepreneurship education demonstrates a bias favoring venture capital (VC) financing while marginalizing trade credit financing, and the resulting impact on entrepreneurship students. A sample of U.S. business textbooks and survey data from entrepreneurship students reveals a significant bias toward…

Human Capital Contracts: "Equity-Like" Instruments for Financing Higher Education. Policy Analysis.

ERIC Educational Resources Information Center

Palacios, Miguel

Human capital contracts are "equity-like" instruments for financing higher education. Since repayment depends on earning and adjusts to student capital to pay, these contracts should be more attractive to students than traditional loans. By making transparent the relative economic value of certain fields of study or the value of degrees from…

Variables influencing allocation of capital expenditure in Indonesia

NASA Astrophysics Data System (ADS)

Muda, Iskandar; Naibaho, Revmianson

2018-03-01

The purpose of this study is to examine the factors affecting capital expenditure in Indonesia. The independent variables used are The Effects of Financing Surplus, Total Population and Regional Sizes and the dependent variable used is The Effects of Financing Surplus. This type of research is a causal associative research. The type of data used is secondary data in severals provinces in Indonesia with multiple regression analysis. The results show significantly the determinants of capital expenditure allocation in Indonesia are affected by Financing Surplus, Total Population and Regional Sizes.

Emerging trends in health care finance.

PubMed

Sterns, J B

1994-01-01

Access to capital will become more difficult. Capital access is dependent on ability to repay debt, which, in turn, is dependent on internally generated cash flows. Under any health care reform proposal, revenue inflows will be slowed. The use of corporate finance techniques to limit financial risk and lower cost will be a permanent response to fundamental changes to the health care system. These changes will result in greater balance sheet management, centralized capital allocation, and alternative sources of capital.

Using real-estate-based financing to access capital.

PubMed

Tobin, W C; Kryzaniak, L A

1998-07-01

One strategy employed by healthcare organizations to increase their market presence is the construction of new facilities. Accessing capital to fund such construction, however, has become more of a challenge. One relatively untapped source of building capital is real-estate-based financing. Nonrecourse mortgages, turnkey net leases, and synthetic leases can provide several advantages to healthcare organizations seeking capital, assuming issues related to building ownership, debt and balance sheet effects, and tax-exempt status have been thoroughly explored first.

Variation in outpatient mental health service utilization under capitation.

PubMed

Chou, Ann F; Wallace, Neal; Bloom, Joan R; Hu, Teh-Wei

2005-03-01

To improve the financing of Colorado's public mental health system, the state designed, implemented, and evaluated a pilot program that consisted of three reimbursement models for the provision of outpatient services. Community mental health centers (CMHCs), the primary providers of comprehensive mental health services to Medicaid recipients in Colorado, had to search for innovative ways to provide cost-effective services. This study assessed outpatient service delivery to Medicaid-eligible consumers under this program. This paper is among the first to study variations in the delivery of specific types of outpatient mental health services under capitated financing systems. This study uses claims data (1994-1997) from Colorado's Medicaid and Mental Health Services Agency. The fee-for-service (FFS) model served as the comparison model. Two capitated models under evaluation are: (i) direct capitation (DC), where the state contracts with a non-profit entity to provide both the services and administers the capitated financing, and (ii) managed behavioral health organization (MBHO), which is a joint venture between a for-profit company who manages the capitated financing and a number of non-profit entities who deliver the services. A sample of severely mentally ill patients who reported at least one inpatient visit was included in the analysis. Types of outpatient services of interest are: day-treatment visits, group therapy, individual therapy, medication monitoring, case management, testing, and all other services. Comparisons were set up to examine differences in service utilization and cost between FFS and each of the two capitated models, using a two-part model across three time periods. Results showed differences in service delivery among reimbursement models over time. Capitated providers had higher initial utilization in most outpatient service categories than their FFS counterparts and as a result of capitation, outpatient services delivered under these providers decreased to converge to the FFS pattern. Findings also suggest substitution between group therapy and individual psychotherapy. Overall, more service integration was observed and less complex service packages were provided post capitation. IMPLICATION FOR HEALTH CARE PROVISION AND POLICIES: Financing models and organizational arrangements have an impact on mental health service delivery. Changes in utilization and costs of specific types of outpatient services reflect the effects of capitation. Understanding the mechanism for these changes may lead to more streamlined service delivery allowing extra funding for expanding the range of cost-effective treatment alternatives. These changes pose implications for improving the financing of public mental health systems, coordination of mental health services with other healthcare and human services, and provision of services through a more efficient financing system.

Risk Financing for Schools: The Capital Markets Approach.

ERIC Educational Resources Information Center

Rudolph, Richard G.

1988-01-01

The capital markets approach is an alternative means of risk financing whereby a school system establishes and controls its own insurance company and makes systematic contributions to pay for expected and anticipated losses and their associated costs. (MLF)

Hospital financing: calculating inpatient capital costs in Germany with a comparative view on operating costs and the English costing scheme.

PubMed

Vogl, Matthias

2014-04-01

The paper analyzes the German inpatient capital costing scheme by assessing its cost module calculation. The costing scheme represents the first separated national calculation of performance-oriented capital cost lump sums per DRG. The three steps in the costing scheme are reviewed and assessed: (1) accrual of capital costs; (2) cost-center and cost category accounting; (3) data processing for capital cost modules. The assessment of each step is based on its level of transparency and efficiency. A comparative view on operating costing and the English costing scheme is given. Advantages of the scheme are low participation hurdles, low calculation effort for G-DRG calculation participants, highly differentiated cost-center/cost category separation, and advanced patient-based resource allocation. The exclusion of relevant capital costs, nontransparent resource allocation, and unclear capital cost modules, limit the managerial relevance and transparency of the capital costing scheme. The scheme generates the technical premises for a change from dual financing by insurances (operating costs) and state (capital costs) to a single financing source. The new capital costing scheme will intensify the discussion on how to solve the current investment backlog in Germany and can assist regulators in other countries with the introduction of accurate capital costing. Copyright © 2014 Elsevier Ireland Ltd. All rights reserved.

State Guarantee Agencies and Capital Avaialability for Student Loans. Papers in Education Finance. Paper No. 22.

ERIC Educational Resources Information Center

Hyde, William D., Jr.

The relationship between capital available for student loans and the types of programs through which loans are made to students is examined in this paper on educational finance. Cost of attendance, amount of grant aid, and ability to pay are investigated as factors that affect the amount of loans a student needs to finance a college education.…

A capital idea. Bonds and nontraditional financing options.

PubMed

Wareham, Therese L

2004-05-01

Not-for-profit healthcare organizations have four basic sources of capital: internal sources, philanthropy, asset sales, and external sources. External sources, in particular, offer a wealth of options that are important for such organizations--especially those facing significant capital shortfalls--to consider. External sources include bond offerings and nontraditional offerings, such as receivables financing, off-balance-sheet options, real estate investment trusts, and subordinated securities.

Carbon Emission Reduction with Capital Constraint under Greening Financing and Cost Sharing Contract.

PubMed

Qin, Juanjuan; Zhao, Yuhui; Xia, Liangjie

2018-04-13

Motivated by the industrial practices, this work explores the carbon emission reductions for the manufacturer, while taking into account the capital constraint and the cap-and-trade regulation. To alleviate the capital constraint, two contracts are analyzed: greening financing and cost sharing. We use the Stackelberg game to model four cases as follows: (1) in Case A1, the manufacturer has no greening financing and no cost sharing; (2) in Case A2, the manufacturer has greening financing, but no cost sharing; (3) in Case B1, the manufacturer has no greening financing but has cost sharing; and, (4) in Case B2, the manufacturer has greening financing and cost sharing. Then, using the backward induction method, we derive and compare the equilibrium decisions and profits of the participants in the four cases. We find that the interest rate of green finance does not always negatively affect the carbon emission reduction of the manufacturer. Meanwhile, the cost sharing from the retailer does not always positively affect the carbon emission reduction of the manufacturer. When the cost sharing is low, both of the participants' profits in Case B1 (under no greening finance) are not less than that in Case B2 (under greening finance). When the cost sharing is high, both of the participants' profits in Case B1 (under no greening finance) are less than that in Case B2 (under greening finance).

Ethics and geographical equity in health care

PubMed Central

Rice, N.; Smith, P.

2001-01-01

Important variations in access to health care and health outcomes are associated with geography, giving rise to profound ethical concerns. This paper discusses the consequences of such concerns for the allocation of health care finance to geographical regions. Specifically, it examines the ethical drivers underlying capitation systems, which have become the principal method of allocating health care finance to regions in most countries. Although most capitation systems are based on empirical models of health care expenditure, there is much debate about which needs factors to include in (or exclude from) such models. This concern with legitimate and illegitimate drivers of health care expenditure reflects the ethical concerns underlying the geographical distribution of health care finance. Key Words: Health economics • resource allocation • ethics of regional health care finance • capitation systems PMID:11479357

Hang-Gliding or Looking for an Updraft. A Study of College and University Finance in the 1980s--The Capital Margin.

ERIC Educational Resources Information Center

Jenny, Hans H.; And Others

A set of concepts that governing boards and senior administrators can use in analyzing the physical capital requirements of their institutions are described, based on the study of two samples of private colleges. Attention is focused on the question of the relative adequacy of college and university cash flows for financing the capital margin.…

Development of Optimization method about Capital Structure and Senior-Sub Structure by considering Project-Risk

NASA Astrophysics Data System (ADS)

Kawamoto, Shigeru; Ikeda, Yuichi; Fukui, Chihiro; Tateshita, Fumihiko

Private finance initiative is a business scheme that materializes social infrastructure and public services by utilizing private-sector resources. In this paper we propose a new method to optimize capital structure, which is the ratio of capital to debt, and senior-sub structure, which is the ratio of senior loan to subordinated loan, for private finance initiative. We make the quantitative analysis of a private finance initiative's project using the proposed method. We analyze trade-off structure between risk and return in the project, and optimize capital structure and senior-sub structure. The method we propose helps to improve financial stability of the project, and to make a fund raising plan that is expected to be reasonable for project sponsor and moneylender.

PV Project Finance in the United States, 2016

DOE Office of Scientific and Technical Information (OSTI.GOV)

Feldman, David; Lowder, Travis; Schwabe, Paul

This brief is a compilation of data points and market insights that reflect the state of the project finance market for solar photovoltaic (PV) assets in the United States as of the third quarter of 2016. This information can generally be used as a simplified benchmark of the costs associated with securing financing for solar PV as well as the cost of the financing itself (i.e., the cost of capital). Three sources of capital are considered -- tax equity, sponsor equity, and debt -- across three segments of the PV marketplace.

Straight talk. New approaches in healthcare. Capital financing: beyond the shores of your typical transaction.

PubMed

Bremner, James D; Bielak, Jerry J; Elek, Steven; Wootton, Ian

2003-11-24

If you're in the market to renovate or expand but are concerned about overloading your balance sheet with debt or if you plan to build a for-profit facility, consider a Design, Build, Finance, and Operate (DBFO) arrangement. In such deals, experts in finance, construction, real estate, and support-service provision manage risk and day-to-day responsibility for facility management. Evaluating alternatives to tax-exempt financing is a critical piece of capital planning today because competition for traditional sources of funding has become global.

Financing mechanisms for capital improvements : interchanges : final report.

DOT National Transportation Integrated Search

2010-03-01

This report examines the use of alternative local financing mechanisms for interchange and interchange area infrastructure improvements. The financing mechanisms covered include transportation impact fees, tax increment financing, value capture finan...

Financing mechanisms for capital improvements : interchanges, final report, March 2010.

DOT National Transportation Integrated Search

2010-03-01

This report examines the use of alternative local financing mechanisms for interchange and interchange area infrastructure improvements. The financing mechanisms covered include transportation impact fees, tax increment financing, value capture finan...

Financing School Capital Projects in New York State.

ERIC Educational Resources Information Center

Howe, Edward T.

1990-01-01

Financing school capital projects in New York State is a responsibility involving both local school districts and the state government. State building aid is provided through an aid ratio and approved expenditure formula. This formula has an equalizing effect among districts by explicitly providing an aid amount inversely proportional to property…

12 CFR 932.7 - Reporting requirements.

Code of Federal Regulations, 2011 CFR

2011-01-01

... to the Finance Board by the 15th business day of each month its risk-based capital requirement by... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... close of business of the last business day of the preceding month, or more frequently, as may be...

12 CFR 932.7 - Reporting requirements.

Code of Federal Regulations, 2013 CFR

2013-01-01

... to the Finance Board by the 15th business day of each month its risk-based capital requirement by... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... close of business of the last business day of the preceding month, or more frequently, as may be...

12 CFR 932.7 - Reporting requirements.

Code of Federal Regulations, 2014 CFR

2014-01-01

... to the Finance Board by the 15th business day of each month its risk-based capital requirement by... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... close of business of the last business day of the preceding month, or more frequently, as may be...

12 CFR 932.7 - Reporting requirements.

Code of Federal Regulations, 2012 CFR

2012-01-01

... to the Finance Board by the 15th business day of each month its risk-based capital requirement by... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... close of business of the last business day of the preceding month, or more frequently, as may be...

Topics in Finance Part VI--Capital Budgeting

ERIC Educational Resources Information Center

Laux, Judy

2011-01-01

This series on the theory of financial management offers insight into the roles of stockholder wealth maximization, the risk-return tradeoff, and agency conflicts as they apply to major topics in finance. The current article investigates capital budgeting. Much literature addresses this topic, with a number of articles challenging mainstream…

12 CFR 932.7 - Reporting requirements.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Reporting requirements. 932.7 Section 932.7 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... to the Finance Board by the 15th business day of each month its risk-based capital requirement by...

Carbon Emission Reduction with Capital Constraint under Greening Financing and Cost Sharing Contract

PubMed Central

Qin, Juanjuan; Zhao, Yuhui; Xia, Liangjie

2018-01-01

Motivated by the industrial practices, this work explores the carbon emission reductions for the manufacturer, while taking into account the capital constraint and the cap-and-trade regulation. To alleviate the capital constraint, two contracts are analyzed: greening financing and cost sharing. We use the Stackelberg game to model four cases as follows: (1) in Case A1, the manufacturer has no greening financing and no cost sharing; (2) in Case A2, the manufacturer has greening financing, but no cost sharing; (3) in Case B1, the manufacturer has no greening financing but has cost sharing; and, (4) in Case B2, the manufacturer has greening financing and cost sharing. Then, using the backward induction method, we derive and compare the equilibrium decisions and profits of the participants in the four cases. We find that the interest rate of green finance does not always negatively affect the carbon emission reduction of the manufacturer. Meanwhile, the cost sharing from the retailer does not always positively affect the carbon emission reduction of the manufacturer. When the cost sharing is low, both of the participants’ profits in Case B1 (under no greening finance) are not less than that in Case B2 (under greening finance). When the cost sharing is high, both of the participants’ profits in Case B1 (under no greening finance) are less than that in Case B2 (under greening finance). PMID:29652859

The study on stage financing model of IT project investment.

PubMed

Chen, Si-hua; Xu, Sheng-hua; Lee, Changhoon; Xiong, Neal N; He, Wei

2014-01-01

Stage financing is the basic operation of venture capital investment. In investment, usually venture capitalists use different strategies to obtain the maximum returns. Due to its advantages to reduce the information asymmetry and agency cost, stage financing is widely used by venture capitalists. Although considerable attentions are devoted to stage financing, very little is known about the risk aversion strategies of IT projects. This paper mainly addresses the problem of risk aversion of venture capital investment in IT projects. Based on the analysis of characteristics of venture capital investment of IT projects, this paper introduces a real option pricing model to measure the value brought by the stage financing strategy and design a risk aversion model for IT projects. Because real option pricing method regards investment activity as contingent decision, it helps to make judgment on the management flexibility of IT projects and then make a more reasonable evaluation about the IT programs. Lastly by being applied to a real case, it further illustrates the effectiveness and feasibility of the model.

The Study on Stage Financing Model of IT Project Investment

PubMed Central

Xu, Sheng-hua; Xiong, Neal N.

2014-01-01

Stage financing is the basic operation of venture capital investment. In investment, usually venture capitalists use different strategies to obtain the maximum returns. Due to its advantages to reduce the information asymmetry and agency cost, stage financing is widely used by venture capitalists. Although considerable attentions are devoted to stage financing, very little is known about the risk aversion strategies of IT projects. This paper mainly addresses the problem of risk aversion of venture capital investment in IT projects. Based on the analysis of characteristics of venture capital investment of IT projects, this paper introduces a real option pricing model to measure the value brought by the stage financing strategy and design a risk aversion model for IT projects. Because real option pricing method regards investment activity as contingent decision, it helps to make judgment on the management flexibility of IT projects and then make a more reasonable evaluation about the IT programs. Lastly by being applied to a real case, it further illustrates the effectiveness and feasibility of the model. PMID:25147845

Multi-track financing.

PubMed

Kennedy, Steven W; Randolph, John; Taddey, Anthony J

2012-05-01

In today's uncertain economic environment, when seeking to finance a capital project, healthcare borrowers should adopt a multi-tracked funding strategy that permits them to change capital-funding routes quickly in response to changing circumstances. The multi-tracking process requires two stages prior to securing a commitment and beginning the closing process: due diligence and indication of interest. This process should present no material additional cost during these two stages, giving healthcare borrowers the flexibility to explore a variety of financing options.

An Analysis of and a Prescription for the Capital Improvement Programming Process for Small Cities.

DTIC Science & Technology

1980-12-01

thorough analysis and discussion in texts re- lating to business finance, managerial finance, and management accounting . The most notable (that is, the...Theory of the Firm, Prentice-Hall, 1963. DeMoville, W., "Capital Budgeting in Municipalities," Management Accounting , v. 59, no. 1, p. 17-20, 28, July...involves the use of the present value technique. This technique is adequately explained in the literature of basic business finance and management

A venture capital view of challenges, opportunities, and innovation in biomedical research.

PubMed

Ratcliffe, L T

2011-02-01

Small biotech companies have been an important source of innovation, pipelines, and new products for the pharmaceutical industry, and are primarily financed by venture capital (VC). The significant changes happening within the VC industry have broad implications for these small companies. This includes a shift to financing later-stage programs with increasing interest in orphan or specialty indications. Nontraditional sources of capital and innovative risk-sharing structures can enable early-stage companies.

The Potential Role of Social Innovation Financing in Career and Technical Education

ERIC Educational Resources Information Center

Overholster, George; Klein, Steven

2015-01-01

A new class of financial tools is being developed to promote human capital investments that benefit society. Social innovation financing (SIF) entails raising private capital to support promising social interventions, with the expectation that those providing the funding will eventually be repaid. Funds are allocated based on service providers'…

78 FR 73915 - Solutions Capital I, L.P., License No. 03/03-0247; Notice Seeking Exemption Under Section 312 of...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-12-09

..., Financings which Constitute Conflicts of Interest of the Small Business Administration (``SBA'') Rules and... Business Holdings, Inc., 30775 Barrington, Suite 100, Madison Heights, MI 48071 (``Dorsey''). The financing... SMALL BUSINESS ADMINISTRATION Solutions Capital I, L.P., License No. 03/03-0247; Notice Seeking...

Alternative financing sources. ECRI. Emergency Care Research Institute.

PubMed

1987-01-01

A number of new capital sources have been developed and used by health care institutions unable to finance high-tech projects with equity or conventional tax-exempt debt instruments; these include REITs, MLPs, per-use rentals, venture capital, and banks as brokers. However, there are no magic capital acquisition solutions. Institutions with good credit will continue to find a number of doors open to them; poorer credit risks will have fewer options, and those available will carry greater risk, allow for less provider control over projects, and limit potential return on investment to some extent. It is essential to examine carefully the drawbacks inherent in each type of alternative financing source. Venture capital in particular requires specific analysis because of the wide variety of possible arrangements that exist. If you cannot find either traditional or alternative sources of funding for a proposed project, you should reexamine the project and its underlying utilization projections and reimbursement assumptions.

An examination of contemporary financing practices and the global financial crisis on nonprofit multi-hospital health systems.

PubMed

Stewart, Louis J; Smith, Pamela C

2011-01-01

This study examines the impact of the 2008 global financial crisis on large US nonprofit health systems. We proceed from an analysis of the contemporary capital financing practices of 25 of the nation's largest nonprofit hospitals and health systems. We find that these institutions relied on operating cash flows, public issues of insured variable rate debt, and accumulated investment to meet their capital financing needs. The combined use of these three financial instruments provided these organizations with $22.4 billion of long-term capital at favorable terms and the lowest interest rates. Our analysis further indicates that the extensive utilization of bond insurance, auction rate debt, and interest rate derivatives created significant risk exposures for these health systems. These risks were realized by the broader global financial crisis of 2008. Findings indicate these health systems incurred large losses from the early retirement of their variable rate debt. In addition, many organizations were forced to post nearly $1 billion of liquid collateral due to the falling values of their interest rate derivatives. Finally, the investment portfolios of these large nonprofit health systems suffered millions of dollars of unrealized capital losses, which may minimize their ability to finance future capital investment requirements.

12 CFR 931.1 - Classes of capital stock.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Classes of capital stock. 931.1 Section 931.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.1 Classes of capital stock. The authorized capital...

12 CFR 931.1 - Classes of capital stock.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Classes of capital stock. 931.1 Section 931.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.1 Classes of capital stock. The authorized capital...

Financing Capital Improvements in 2001 and Beyond.

ERIC Educational Resources Information Center

Ward, James Gordon

1989-01-01

Social, economic, and political changes will alter educational facility needs and increase the demand for financing new facilities. Anticipates the changes that may be important in planning and financing school facilities. (MLF)

17 CFR 229.912 - (Item 912) Source and amount of funds and transactional expenses.

Code of Federal Regulations, 2010 CFR

2010-04-01

..., accounting and appraisal fees, solicitation expenses and printing costs. Identify the persons responsible for... sources of capital to finance such amount. (c) If all or any part of the consideration to be used by the... partnership, state the amount to be provided by each partnership and the sources of capital to finance such...

Impacts of Intersection between Social Capital and Finances on Community College Students' Pursuit of STEM Degrees

ERIC Educational Resources Information Center

Kruse, Tracy; Starobin, Soko S.; Chen, Yu; Baul, Tushi; Santos Laanan, Frankie

2015-01-01

This quantitative study examined how social capital and finances influenced community college students' intent to transfer to a four-year institution within STEM (science, technology, engineering, and math) fields. Focusing on the community college students enrolled in a rural midwestern state, the authors employed a structural equation modeling…

76 FR 76474 - Emergence Capital Partners SBIC, L.P.; Notice Seeking Exemption Under Section 312 of the Small...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-12-07

..., L.P. proposes to provide equity financing to Lithium Technologies, Inc., 6121 Hollis Street, Suite 4, Emeryville, CA 94608 (``Lithium''). The financing is contemplated for working capital and general operating... Partners SBIC, L.P., own more than ten percent of Lithium. Therefore, Lithium is considered an Associate of...

48 CFR 32.104 - Providing contract financing.

Code of Federal Regulations, 2010 CFR

2010-10-01

... performance, considering the availability of private financing and the probable impact on working capital of... Providing contract financing. (a) Prudent contract financing can be a useful working tool in Government acquisition by expediting the performance of essential contracts. Contracting officers must consider the...

12 CFR 932.4 - Credit risk capital requirement.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Credit risk capital requirement. 932.4 Section 932.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.4 Credit risk capital requirement. (a...

12 CFR 932.3 - Risk-based capital requirement.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Risk-based capital requirement. 932.3 Section 932.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.3 Risk-based capital requirement. (a...

12 CFR 932.2 - Total capital requirement.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Total capital requirement. 932.2 Section 932.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.2 Total capital requirement. (a) Each Bank shall...

12 CFR 932.6 - Operations risk capital requirement.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Operations risk capital requirement. 932.6 Section 932.6 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.6 Operations risk capital requirement...

12 CFR 932.6 - Operations risk capital requirement.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Operations risk capital requirement. 932.6 Section 932.6 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.6 Operations risk capital requirement...

12 CFR 932.5 - Market risk capital requirement.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Market risk capital requirement. 932.5 Section 932.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.5 Market risk capital requirement. (a...

12 CFR 932.3 - Risk-based capital requirement.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk-based capital requirement. 932.3 Section 932.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.3 Risk-based capital requirement. (a...

12 CFR 932.2 - Total capital requirement.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Total capital requirement. 932.2 Section 932.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.2 Total capital requirement. (a) Each Bank shall...

Capitalist contexts for Darwinian theory: land, finance, industry and empire.

PubMed

Hodge, M J S

2009-01-01

When socio-economic contexts are sought for Darwin's science, it is customary to turn to the Industrial Revolution. However, important issues about the long run of England's capitalisms can only be recognised by taking a wider view than Industrial Revolution historiographies tend to engage. The role of land and finance capitalisms in the development of the empire is one such issue. If we historians of Darwin's science allow ourselves a distinction between land and finance capitalisms on the one hand and industrial capitalism on the other; and if we ask with which side of this divide were Darwin and his theory of branching descent by natural selection aligned, then reflection on leading features of that theory, including its Malthusian elements, suggests that the answer is often and largely, though not exclusively: on the land side. The case of Wallace, socialist opponent of land capitalism, may not be as anomalous for this suggestion as one might at first think. Social and economic historians have reached no settled consensuses on the long-run of England's capitalisms. We historians of Darwin's science would do well to import some of these unsettled states of discussion into our own work over the years to come.

Reducing the cost of health care capital.

PubMed

Silberman, R

1984-08-01

Although one may ask four financial experts their opinion on the future of the hospital capital market and receive five answers, the blatant need for financial strategic planning is evident. Clearly, the hospital or system with sound financial management will be better positioned to gain and/or maintain an edge in the competitive environment of the health care sector. The trends of the future include hospitals attempting to: Maximize the efficiency of invested capital. Use the expertise of Board members. Use alternative capital sources. Maximize rate of return on investments. Increase productivity. Adjust to changes in reimbursements. Restructure to use optimal financing for capital needs, i.e., using short-term to build up debt capacity if long-term financing is needed in the future. Take advantage of arbitrage (obtain capital and reinvest it until the funds are needed). Delay actual underwriting until funds are to be used. Better management of accounts receivable and accounts payable to avoid short-term financing for cash flow shortfalls. Use for-profit subsidiaries to obtain venture capital by issuing stock. Use product line management. Use leasing to obtain balance sheet advantages. These trends indicate a need for hospital executives to possess a thorough understanding of the capital formation process. In essence, the bottom line is that the short-term viability and long-term survival of a health care organization will greatly depend on the financial expertise of its decision-makers.

24 CFR 905.604 - Mixed-finance development.

Code of Federal Regulations, 2014 CFR

2014-04-01

... 24 Housing and Urban Development 4 2014-04-01 2014-04-01 false Mixed-finance development. 905.604... DEVELOPMENT THE PUBLIC HOUSING CAPITAL FUND PROGRAM Development Requirements § 905.604 Mixed-finance development. (a) General. Mixed-finance development refers to the development (through new construction or...

26 CFR 1.150-1 - Definitions.

Code of Federal Regulations, 2013 CFR

2013-04-01

... material to the plan of financing include the purposes for the bonds and the structure of the financing..., structures involving windows or unreasonable allocations of bonds). (3) Exception for certain bonds financing... functionally related capital projects, and financing any clearly discrete governmental purpose). Each of these...

26 CFR 1.150-1 - Definitions.

Code of Federal Regulations, 2012 CFR

2012-04-01

... material to the plan of financing include the purposes for the bonds and the structure of the financing..., structures involving windows or unreasonable allocations of bonds). (3) Exception for certain bonds financing... functionally related capital projects, and financing any clearly discrete governmental purpose). Each of these...

12 CFR 931.6 - Transfer of capital stock.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Transfer of capital stock. 931.6 Section 931.6 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.6 Transfer of capital stock. A Bank in its capital plan...

12 CFR 931.6 - Transfer of capital stock.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Transfer of capital stock. 931.6 Section 931.6 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.6 Transfer of capital stock. A Bank in its capital plan...

13 CFR 107.1160 - Maximum amount of Leverage for a Section 301(d) Licensee.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Leverage, you must maintain Venture Capital Financings (at cost) that equal at least 30 percent of your... maintain at least the same dollar amount of Venture Capital Financings (at cost). (e) Definition of “Total... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Maximum amount of Leverage for a...

12 CFR 931.3 - Minimum investment in capital stock.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Minimum investment in capital stock. 931.3 Section 931.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.3 Minimum investment in capital stock. (a) A...

12 CFR 933.3 - Independent review of capital plan.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Independent review of capital plan. 933.3 Section 933.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS BANK CAPITAL STRUCTURE PLANS § 933.3 Independent review of capital plan. Prior to...

12 CFR 931.3 - Minimum investment in capital stock.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Minimum investment in capital stock. 931.3 Section 931.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.3 Minimum investment in capital stock. (a) A...

Private Placement Debt Financing for Public Entities

ERIC Educational Resources Information Center

Holman, Lance S.

2010-01-01

Private placement financing is a debt or capital lease obligation arranged between a municipality or a 501(c) (3) not-for-profit organization and a single sophisticated institutional investor. The investor can be a bank, insurance company, finance company, hedge fund, or high-net worth individual. Private placement financing is similar to…

12 CFR 933.4 - Transition provisions.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Transition provisions. 933.4 Section 933.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... its minimum leverage capital requirement and its minimum risk-based capital requirement. The capital...

12 CFR 933.4 - Transition provisions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Transition provisions. 933.4 Section 933.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL... its minimum leverage capital requirement and its minimum risk-based capital requirement. The capital...

Financing rail capital projects : historical lessons, contemporary cases.

DOT National Transportation Integrated Search

2012-11-01

Two large questions informed the research for this article: first, how and why did the mid20th century shift from private to public ownership, financing and operation of : passenger railways affect the subsequent financing and development of high ...

12 CFR 931.2 - Issuance of capital stock.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Issuance of capital stock. 931.2 Section 931.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.2 Issuance of capital stock. (a) In general. A Bank may...

12 CFR 931.2 - Issuance of capital stock.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Issuance of capital stock. 931.2 Section 931.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.2 Issuance of capital stock. (a) In general. A Bank may...

New Regulations Affect School Debt Financing.

ERIC Educational Resources Information Center

Olson, Carol Duane

1993-01-01

Provides an overview of changes in Treasury Regulations as they affect school debt financing, including bond and note construction and acquisition issues, other types of equipment and property financing, as well as tax and revenue anticipation notes for working capital needs. (MLF)

Venture Capital Investments for Life Sciences Start-ups in Switzerland.

PubMed

Gantenbein, Pascal; Herold, Nils

2014-12-01

Despite its economic and technological importance, the Swiss life sciences sector faces severe challenges in attracting enough venture capital for its own development. Although biotechnology and medical technology have been the most important areas of venture financing from 1999 through 2012 according to our own data, average investment volumes nevertheless remain on a low level of only 0.05 percent of Swiss GDP. After 2008, there was a pronounced shift away from early-stage financing. While business angels still play an important role at the early stage, venture capitalists are the most important investor type by volumes having their main focus on expansion financing. The industry faces predominant challenges in securing capital availability for entrepreneurs, in transforming the highly skewed and back-loaded payoff profile of investments into a more stable return stream, and in defining appropriate business and collaboration models.

75 FR 65197 - Use of Public Housing Capital Funds for Financing Activities

Federal Register 2010, 2011, 2012, 2013, 2014

2010-10-21

..., lenders cannot view PHAs or their stand-alone projects as market-rate financing, but rather that private.... Response: This CFFP final rule permits PHAs to size their financing either on the project level, or on an... Funds for Financing Activities; Final Rule #0;#0;Federal Register / Vol. 75 , No. 203 / Thursday...

Raising venture capital in the biopharma industry.

PubMed

Leytes, Lev J

2002-11-15

Raising venture capital (VC) is both an art and a science. Future entrepreneurs should carefully consider the various issues of VC financing that have a strong impact on the success of their business. In addition to attracting the best venture capital firms, these issues include such subtle but important points as the timing of financing (especially of the first round), external support sources, desirable qualities of a VC firm, amount to be raised, establishing a productive interface between the founders and the venture capitalists, and most importantly the effects of well-executed VC funding on hiring senior executives and scientific leaders.

Facilities Stewardship in the 1990s. Proceedings of the Institute for Facilities Finance in Higher Education (1st, Washington, D.C., November 1990).

ERIC Educational Resources Information Center

Glazner, Steve, Ed.

This publication presents 18 papers from the 1990 institute on facilities finance in higher education. An introduction is by Walter W. Schaw. Papers are: (1) "Facilities as a Capital Asset" by Sean C. Rush; (2) "State Issues in Capital Management" by Brenda N. Albright; (3) "Policy-making Issues" by Frederick R. Ford;…

Ask and Ye Shall Receive? Automated Text Mining of Michigan Capital Facility Finance Bond Election Proposals to Identify Which Topics Are Associated with Bond Passage and Voter Turnout

ERIC Educational Resources Information Center

Bowers, Alex J.; Chen, Jingjing

2015-01-01

The purpose of this study is to bring together recent innovations in the research literature around school district capital facility finance, municipal bond elections, statistical models of conditional time-varying outcomes, and data mining algorithms for automated text mining of election ballot proposals to examine the factors that influence the…

Venture Capital Investment in the Life Sciences in Switzerland.

PubMed

Hosang, Markus

2014-12-01

Innovation is one of the main driving factors for continuous and healthy economic growth and welfare. Switzerland as a resource-poor country is particularly dependent on innovation, and the life sciences, which comprise biotechnologies, (bio)pharmaceuticals, medical technologies and diagnostics, are one of the key areas of innovative strength of Switzerland. Venture capital financing and venture capitalists (frequently called 'VCs') and investors in public equities have played and still play a pivotal role in financing the Swiss biotechnology industry. In the following some general features of venture capital investment in life sciences as well as some opportunities and challenges which venture capital investors in Switzerland are facing are highlighted. In addition certain means to counteract these challenges including the 'Zukunftsfonds Schweiz' are discussed.

12 CFR 930.1 - Definitions.

Code of Federal Regulations, 2012 CFR

2012-01-01

... or information systems. Permanent capital means the retained earnings of a Bank, determined in... Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS DEFINITIONS APPLYING TO RISK MANAGEMENT AND CAPITAL REGULATIONS § 930.1 Definitions. As used in this...

12 CFR 930.1 - Definitions.

Code of Federal Regulations, 2013 CFR

2013-01-01

... or information systems. Permanent capital means the retained earnings of a Bank, determined in... Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS DEFINITIONS APPLYING TO RISK MANAGEMENT AND CAPITAL REGULATIONS § 930.1 Definitions. As used in this...

78 FR 45592 - DeltaPoint Capital IV, LP;

Federal Register 2010, 2011, 2012, 2013, 2014

2013-07-29

... Regulations (13 CFR 107.730). DeltaPoint Capital IV, L.P. provided financing to BioMaxx, Inc., 1 Fishers Road... York), L.P., an Associate of DeltaPoint Capital IV, L.P., owns more than ten percent of BioMaxx, Inc...

Alternatives for Financing Higher Education Facilities.

ERIC Educational Resources Information Center

Leslie, Larry L.; Felix, Frank J.

1980-01-01

How state governments should finance public college and university facilities is discussed. A framework for analyzing the capital financing alternatives available to state governments is described. Several alternatives in Arizona--including state appropriations, leasing, and revenue bonding--are considered as an illustration. (Author/MLW)

12 CFR 931.7 - Redemption and repurchase of capital stock.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Redemption and repurchase of capital stock. 931.7 Section 931.7 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.7 Redemption and repurchase of...

12 CFR 931.7 - Redemption and repurchase of capital stock.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Redemption and repurchase of capital stock. 931.7 Section 931.7 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.7 Redemption and repurchase of...

[Financing problems of capital goods: part 1: leasing as a solution?].

PubMed

Clausen, C C; Bauer, M; Saleh, A; Picker, O

2008-06-01

The provision of financial support of hospitals by States for buying capital goods is becoming increasingly more limited. In order to still make investments, alternative forms of financing such as leasing must be considered in hospitals. However, the change from the classical form of dual financing and the decision to opt for a leasing model involves much more than just a question of costs. Leasing results in easily manageable expenditure, flexibility and adaptability for the choice of model but the leasing installments must be directly financed by the turnover from diagnosis-related groups and so lead to a reduction in the annual profit. In this article the authors try to give the reader an overview of the complex and sometimes counter-productive effect of financial instruments for investments in hospitals using leasing financing as an example. In the follow-up article the decision-making procedure using dynamic investment calculations will be demonstrated using a concrete example.

Universities Venture into Venture Capitalism.

ERIC Educational Resources Information Center

Desruisseaux, Paul

2000-01-01

Reports that some universities are starting their own venture-capital funds to develop campus companies, or are investing endowment funds with established venture-capital firms inclined to finance potential spinoffs from campus research. Examples cited are from the University of Alabama, Vanderbilt University (Tennessee), University of…

Capital investment analysis: three methods.

PubMed

Gapenski, L C

1993-08-01

Three cash flow/discount rate methods can be used when conducting capital budgeting financial analyses: the net operating cash flow method, the net cash flow to investors method, and the net cash flow to equity holders method. The three methods differ in how the financing mix and the benefits of debt financing are incorporated. This article explains the three methods, demonstrates that they are essentially equivalent, and recommends which method to use under specific circumstances.

Health care entrepreneurship: financing innovation.

PubMed

Grazier, Kyle L; Metzler, Bridget

2006-01-01

Entrepreneurship is often described as the ability to create new ventures from new or existing concepts, ideas and visions. There has been significant entrepreneurial response to the changes in the scientific and social underpinnings of health care services delivery. However, a growing portion of the economic development driving health care industry expansion is threatened further by longstanding use of financing models that are suboptimal for health care ventures. The delayed pace of entrepreneurial activity in this industry is in part a response to the general economy and markets, but also due to the lack of capital for new health care ventures. The recent dearth of entrepreneurial activities in the health services sector may also due to failure to consider new approaches to partnerships and strategic ventures, despite their mutually beneficial organizational and financing potential. As capital becomes more scarce for innovators, it is imperative that those with new and creative ideas for health and health care improvement consider techniques for capital acquisition that have been successful in other industries and at similar stages of development. The capital and added expertise can allow entrepreneurs to leverage resources, dampen business fluctuations, and strengthen long term prospects.

24 CFR 905.510 - Submission requirements.

Code of Federal Regulations, 2012 CFR

2012-04-01

... submitted by this part: Capital fund financing budget, management assessment, fairness opinion, and physical needs assessment. (5) Financing documents. The PHA must submit a complete set of the legal documents...

24 CFR 905.510 - Submission requirements.

Code of Federal Regulations, 2011 CFR

2011-04-01

... submitted by this part: Capital fund financing budget, management assessment, fairness opinion, and physical needs assessment. (5) Financing documents. The PHA must submit a complete set of the legal documents...

24 CFR 905.510 - Submission requirements.

Code of Federal Regulations, 2014 CFR

2014-04-01

... submitted by this part: Capital fund financing budget, management assessment, fairness opinion, and physical needs assessment. (5) Financing documents. The PHA must submit a complete set of the legal documents...

Project financing of district heating/cooling systems

DOE Office of Scientific and Technical Information (OSTI.GOV)

Feldman, R.D.

1986-03-01

Two issues are discussed in detail: the project finance joint venture and technology transfers. An increase if the frequency of these issues has been served in project financings. An understanding of these issues is necessary to structure project financings of alternate energy projects in the future. Capitalization needs are outlined, and typical provisions of a joint finance structure are outlined. The issue of exclusivity as it applies to technology transfers is discussed.

12 CFR 930.1 - Definitions.

Code of Federal Regulations, 2011 CFR

2011-01-01

... Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS DEFINITIONS APPLYING TO RISK MANAGEMENT AND CAPITAL REGULATIONS § 930.1 Definitions. As used in this.... Charges against the capital of the Bank means an other than temporary decline in the Bank's total equity...

31 CFR 128.1 - General reporting requirements.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance: Treasury 1 2013-07-01 2013-07-01 false General reporting requirements. 128.1 Section 128.1 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... mobile capital, including transactions by large United States business enterprises (as determined by the...

31 CFR 128.1 - General reporting requirements.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 31 Money and Finance: Treasury 1 2012-07-01 2012-07-01 false General reporting requirements. 128.1 Section 128.1 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... mobile capital, including transactions by large United States business enterprises (as determined by the...

31 CFR 128.1 - General reporting requirements.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance: Treasury 1 2014-07-01 2014-07-01 false General reporting requirements. 128.1 Section 128.1 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... mobile capital, including transactions by large United States business enterprises (as determined by the...

31 CFR 128.21 - Purpose of reports.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Purpose of reports. 128.21 Section 128.21 Money and Finance: Treasury Regulations Relating to Money and Finance REPORTING OF... nature and source of flows of mobile capital, including transactions by large United States business...

31 CFR 128.1 - General reporting requirements.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance: Treasury 1 2011-07-01 2011-07-01 false General reporting requirements. 128.1 Section 128.1 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... mobile capital, including transactions by large United States business enterprises (as determined by the...

12 CFR 998.3 - Reservation of authority.

Code of Federal Regulations, 2012 CFR

2012-01-01

... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK DISCLOSURES REGISTRATION OF... do not diminish, or otherwise restrict the ability of the Finance Board to exercise, any and all..., that they carry out their housing finance mission, and that they remain adequately capitalized and able...

Value-based investing for government infrastructure : financing Virginia's roads, final research report.

DOT National Transportation Integrated Search

2009-01-01

One of the reasons that market economies create high standards of living is the efficiency of their capital markets. The main task of capital markets is to channel scarce capital resources into their most highly valued uses. This is a difficult and c...

7 CFR 1738.19 - Facilities financed.

Code of Federal Regulations, 2010 CFR

2010-01-01

... broadband loans to finance broadband facilities leased under the terms of a capital lease as defined in... under the terms of an operating lease as defined in generally accepted accounting principles. (c) RUS... applicant. (e) RUS will not make a broadband loan to finance the following items: (1) Customer terminal...

31 CFR 128.21 - Purpose of reports.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 31 Money and Finance: Treasury 1 2012-07-01 2012-07-01 false Purpose of reports. 128.21 Section 128.21 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... currency positions provide data on the nature and source of flows of mobile capital, including transactions...

31 CFR 128.21 - Purpose of reports.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance: Treasury 1 2014-07-01 2014-07-01 false Purpose of reports. 128.21 Section 128.21 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... currency positions provide data on the nature and source of flows of mobile capital, including transactions...

31 CFR 128.1 - General reporting requirements.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false General reporting requirements. 128.1 Section 128.1 Money and Finance: Treasury Regulations Relating to Money and Finance REPORTING OF... positions. (1) In order to provide data on the nature and source of flows of mobile capital, including...

31 CFR 128.21 - Purpose of reports.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance: Treasury 1 2013-07-01 2013-07-01 false Purpose of reports. 128.21 Section 128.21 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... currency positions provide data on the nature and source of flows of mobile capital, including transactions...

31 CFR 128.21 - Purpose of reports.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance: Treasury 1 2011-07-01 2011-07-01 false Purpose of reports. 128.21 Section 128.21 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES... currency positions provide data on the nature and source of flows of mobile capital, including transactions...

The Contractor as a Participant In Financing Capital Construction.

ERIC Educational Resources Information Center

Herron, Patrick L.

1983-01-01

The school district of Greenville County, South Carolina, needed two new schools, yet had reached the legal limit of its borrowing capacity. By financing the project through the contractor, financing costs were offset by savings from building the schools a year earlier than would otherwise have been possible. (MLF)

13 CFR 108.820 - Financings in the form of guarantees.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Financings in the form of guarantees. 108.820 Section 108.820 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies Structuring Nmvc Company...

Trends in financing and availability of capital

Treesearch

Donald G. Schink

1980-01-01

The past, present and future of recreation enterprise financing is developed in this paper. Developers need to utilize all available methods of financing sound projects. The long-term solution to the problems depend on better information, improved educational programs, and a loan program tailored to the needs of this industry.

Promoting Equalization and Local Control in Financing Colorado's Schools.

ERIC Educational Resources Information Center

Mathers, Judith K.; King, Richard A.

1997-01-01

Per-pupil property valuation extremes among Colorado school districts are as varied as the landscape. A foundation plan levels funding disparities for school operations, but financing of major capital outlay projects still depends on local property taxation. Funds are needed to finance classroom technologies and Internet connections. (MLH)

How are hospitals financing the future? Core competencies in capital planning.

PubMed

2004-07-01

Financing the Future is a yearlong project to help hospitals take advantage of growth opportunities. Led by HFMA in partnership with GE Healthcare Financial Services, the project provides information, insights, strategies, and tools designed to help hospitals finance their future. The findings of Financing the Future are based on research conducted by HFMA and PricewaterhouseCoopers. To access the first four Financing the Future reports, visit www.financingthefuture.org.

12 CFR 1777.28 - Appointment of conservator for a significantly undercapitalized or critically undercapitalized...

Code of Federal Regulations, 2011 CFR

2011-01-01

...) The amount of core capital of the Enterprise is less than the minimum capital level; and (2) The... markets or on the financial stability of the housing finance market; and (ii) The public interest would be... has maintained an amount of core capital that is equal to or exceeds the minimum capital level. (2) In...

Problems and Alternatives in Capital Financing for Minnesota Elementary and Secondary Schools.

ERIC Educational Resources Information Center

Hopeman, Alan R.

The primary sources of capital funds in Minnesota are the local capital expenditure levy and school district bond sales. The state provides assistance to low-wealth districts by providing a capital expenditure equalization aid program and two types of loans under the Maximum Effort School Aid Law. It has been argued that the concepts of equal…

12 CFR 932.1 - Risk management.

Code of Federal Regulations, 2013 CFR

2013-01-01

... 12 Banks and Banking 8 2013-01-01 2013-01-01 false Risk management. 932.1 Section 932.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new capital plan may take...

12 CFR 932.1 - Risk management.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Risk management. 932.1 Section 932.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new capital plan may take...

12 CFR 932.1 - Risk management.

Code of Federal Regulations, 2012 CFR

2012-01-01

... 12 Banks and Banking 8 2012-01-01 2012-01-01 false Risk management. 932.1 Section 932.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new capital plan may take...

76 FR 4932 - Notice of Submission of Proposed Information Collection to OMB; Capital Fund Education and...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-01-27

... Proposed Information Collection to OMB; Capital Fund Education and Training Community Facilities AGENCY... (PHAs) for modernization, development, financing, and management improvements. Beginning in FY 2010, Congress set aside up to $40 million of the Capital Fund for Education and Training Community Facilities...

12 CFR 932.1 - Risk management.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk management. 932.1 Section 932.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new capital plan may take...

78 FR 69516 - DeltaPoint Capital IV, L.P.; License No. 02/02-0662; Notice Seeking Exemption Under the Small...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-11-19

... 107.730). DeltaPoint Capital IV, L.P. provided financing to BioMaxx, Inc., 1 Fishers Road, Suite 160...., an Associate of DeltaPoint Capital IV, L.P., owns more than ten percent of BioMaxx, Inc. Therefore...

Financial Structure of Mining Sector Companies During an Economic Slowdown /Struktura Finansowania Przedsiębiorstw W Sektorze Górniczym I Wydobywczym W Okresie Spowolnienia Gospodarczego

NASA Astrophysics Data System (ADS)

Sierpińska, Maria; Bąk, Patrycja

2012-12-01

The global economic crisis that started in 2007 in the area of finance, expanded over the subsequent years to the business sphere, and resulted in a drop of demand and production almost in any field of business activity. Access to foreign sources of finance, especially to loans, has become more difficult and expensive. In such circumstances, enterprises have had to resort more often to their own capital generated by the issue of shares, and to retained profit. Banks have limited their loans for business entities, reduced credit periods, and raised credit margins as well as their levels of collaterals. The McKinsey research into the changes that occur in the structures of sources of finance confirms that the share of equity capital in the structure of financing of non-financial enterprises has visibly grown, and their crediting scopes have been limited all over the European Union as well as in the euro zone. The global tendencies as regards directions of changes in the structure of the sources of corporate financing have also been reflected in Poland. The economic slowdown has resulted in changes in the structures of corporate financing. Mining companies have risen the shares of their equity capital in their general sources of financing. This tendency corresponds to the changes of structure of corporate financing in Poland and Europe. Enterprises have resorted to bank loans to a lesser degree than in times of better market situation. In mining, public companies have increased their crediting, while in private sector the tendency has been reverse. Enterprises tend to use more flexible debiting forms as compared to credits by way of issue of long-term corporate bonds. Mining companies have developed issue programs that are to be implemented over three-year periods. Before, only Katowicki Holding Węglowy [Katowice Mining Holding] had issued bonds. The present publication is an attempt at assessing the changes in the structure of corporate financing within the mining sector in the circumstances of economic slowdown. The changes have been assessed against the background of changes in the structure of financing of other business entities. Three problems have been identified and subjected to research. The first concerns the increasing share of equity capital in the structure of corporate financing in mining enterprises. The second issue concerns the scope of corporate crediting. And the third issue relates to the time structure of corporate debt. The said issues have been analysed in the conditions of economic slowdown

Capital update factor: a new era approaches.

PubMed

Grimaldi, P L

1993-02-01

The Health Care Financing Administration (HCFA) has constructed a preliminary model of a new capital update method which is consistent with the framework being developed to refine the update method for PPS operating costs. HCFA's eventual goal is to develop a single update framework for operating and capital costs. Initial results suggest that adopting the new capital update method would reduce capital payments substantially, which might intensify creditor's concerns about extending loans to hospitals.

Capital Financing For Private & Independent Schools

ERIC Educational Resources Information Center

Online Submission, 2005

2005-01-01

This paper is a primer for school boards and management. It provides a basic overview of the key issues, considerations and options associated with the use of debt by private schools to address facility financing needs. In addition, for a school which has decided to pursue debt financing, it provides basic guidelines for the choice of debt…

13 CFR 108.800 - Financings in the form of equity interests.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Financings in the form of equity interests. 108.800 Section 108.800 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies Structuring Nmvc Company...

Impact of Federal Tax Policy on Utility-Scale Solar Deployment Given Financing Interactions

DOE Office of Scientific and Technical Information (OSTI.GOV)

Mai, Trieu; Cole, Wesley; Krishnan, Venkat

In this study, the authors conducted a literature review of approaches and assumptions used by other modeling teams and consultants with respect to solar project financing; developed and incorporated an ability to model the likely financing shift away from more expensive sources of capital and toward cheaper sources as the investment tax credit declines in the ReEDS model; and used the 'before and after' versions of the ReEDS model to isolate and analyze the deployment impact of the financing shift under a range of conditions. Using ReEDS scenarios with this improved capability, we find that this 'financing' shift would softenmore » the blow of the ITC reversion; however, the overall impacts of such a shift in capital structure are estimated to be small and near-term utility-scale PV deployment is found to be much more sensitive to other factors that might drive down utility-scale PV prices.« less

Potential of Securitization in Solar PV Finance

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lowder, Travis; Mendelsohn, Michael

This report aims to demonstrate, hypothetically and at a high level, what volumes of solar deployment could be supported given solar industry access to the capital markets in the form of security issuance. Securitization is not anticipated to replace tax equity in the near- to mid-term, but it could provide an additional source of funds that would be comparatively inexpensive and could reduce the weighted average cost of capital for a given solar project or portfolio. Thus, the potential to securitize solar assets and seek financing in the capital markets could help to sustain the solar industry when the investmentmore » tax credit (ITC) -- one of the federal incentives that has leveraged billions of dollars of private capital in the solar industry -- drops from 30% to 10% at the close of 2016. The report offers analysis on the size of the U.S. third-party financed solar market, as well as on the volumes (in MW) of solar asset origination possible through a $100 million securitization fund (assuming no overcollateralization). It also provides data on the size of the relevant securities markets and how the solar asset class may fit into these markets.« less

78 FR 21491 - DeltaPoint Capital IV, L.P., DeltaPoint Capital IV (New York), L.P.; Notice Seeking Exemption...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-10

... Small Business Investment Act of 1958, as amended (``the Act''), in connection with the financing of a... SMALL BUSINESS ADMINISTRATION [License No. 02/02-0662, 02/02-0661] DeltaPoint Capital IV, L.P., DeltaPoint Capital IV (New York), L.P.; Notice Seeking Exemption Under Section 312 of the Small Business...

12 CFR 931.9 - Transition provision.

Code of Federal Regulations, 2011 CFR

2011-01-01

... and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS... with the minimum leverage and risk-based capital requirements specified in § 932.2 and § 932.3 of this... leverage and risk-based capital requirements specified in § 932.2 and § 932.3 of this chapter as of the...

12 CFR 1229.12 - Procedures related to capital classification and other actions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Procedures related to capital classification and other actions. 1229.12 Section 1229.12 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION Federal Home Loan Banks § 1229.12 Procedures...

The Theatre of Fast Knowledge: Performative Epistemologies in Higher Education

ERIC Educational Resources Information Center

Besley, Tina; Peters, Michael A.

2005-01-01

Fast knowledge can be considered part of fast capitalism, especially an emergent new generic form of capitalism based increasingly on forms of symbolic capital associated with the rise of global finance and associated with new information and communication technologies. In this essay, the authors first theorise fast knowledge in relation to fast…

12 CFR 1229.2 - Determination of a Bank's capital classification.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Determination of a Bank's capital classification. 1229.2 Section 1229.2 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL... than the minimum required under this paragraph or make a determination for one or more Banks without...

Risky Business I. Entering Capital Markets for the First Time. Panel I.

ERIC Educational Resources Information Center

Appalachia, 1986

1986-01-01

Five panelists discuss how small businesses can acquire seed capital by considering venture; capital's role in the financing of business start-ups, using local banks as sources of advice and community support as well as funds for new entrepreneurs in rural areas, and investigating states' roles in supporting new ventures. (NEC)

12 CFR 931.9 - Transition provision.

Code of Federal Regulations, 2010 CFR

2010-01-01

... and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS... with the minimum leverage and risk-based capital requirements specified in § 932.2 and § 932.3 of this... leverage and risk-based capital requirements specified in § 932.2 and § 932.3 of this chapter as of the...

Recycling pool provides innovative financing for an integrated system.

PubMed

Ciolek, R J; Fahy, P A

1997-12-01

Not-for-profit integrated delivery systems require innovative financing mechanisms to compete effectively with expanding for-profit systems. The Massachusetts Health and Educational Facilities Authority (Mass HEFA), in collaboration with Partners HealthCare Systems, Inc., Boston, Massachusetts, developed such a mechanism--a capital asset recycling pool funded through a $150 million bond issue. The recycling pool gives Partners flexible access to tax-exempt capital to fund routine capital expenses across the system and has enabled the system to centralize control of capital resources. Over the pool's 30-year life-span, Partners will be able to issue tax-exempt loans from the pool to any of its affiliates or, with Mass HEFA and insurer approval, transfer the funds to outside organizations. When the loans are repaid, the funds remain available and can be recycled at no additional cost to fund further capital projects. Creation of the pool was made possible by Partners' outstanding credit, strong market position, expanding primary care network, and substantial unrestricted net assets.

Venturesome Capital: State Charter School Finance Systems. National Charter School Finance Study.

ERIC Educational Resources Information Center

Nelson, F. Howard; Muir, Edward; Drown, Rachel

This report examines the laws, regulations, and practices governing charter-school finance during the 1998-99 school year. The 23 states and 2 cities surveyed here had operative charter schools during 1997-98, and thus had a least one year of experience in implementing laws and developing financial practices. The report includes an estimation of…

13 CFR 108.710 - Requirement to finance Low-Income Enterprises.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Requirement to finance Low-Income Enterprises. 108.710 Section 108.710 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies Determining the Eligibility of A Small Business for Nmvc...

13 CFR 107.720 - Small Businesses that may be ineligible for financing.

Code of Federal Regulations, 2011 CFR

2011-01-01

... of the close of your fiscal year must not exceed your Regulatory Capital. (b) Passive Businesses. You are not permitted to finance a passive business. (1) Definition. A business is passive if: (i) It is... may finance a passive business if it is a Small Business and it passes substantially all the proceeds...

78 FR 32294 - DeltaPoint Capital IV, L.P., DeltaPoint Capital IV (New York), L.P., License No. 02/02-0662,02/02...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-05-29

... Small Business Investment Act of 1958, as amended (``the Act''), in connection with the financing of a... SMALL BUSINESS ADMINISTRATION DeltaPoint Capital IV, L.P., DeltaPoint Capital IV (New York), L.P., License No. 02/02-0662,02/02-0661; Notice Seeking Exemption Under Section 312 of the Small Business...

Elevating the role of finance at Mary Lanning Healthcare.

PubMed

Hoffman, Amanda; Spence, Jay

2013-11-01

To effectively partner with hospital operations leaders, healthcare finance leaders should: Streamline and align financial planning and budgeting functions across the organization; Ensure capital planning is regarded as a strategic process; Optimize performance monitoring across management levels.

Borrowed Capital as Risk Factor for Large Construction Companies in Russia

NASA Astrophysics Data System (ADS)

Guzikova, L.; Plotnikova, E.; Zubareva, M.

2017-11-01

The paper investigates the features of the formation of the capital structure of large construction companies from the standpoint of the financial risks and opportunities for companies’ development. The authors compare the opportunities and risks linked with the use of the own and borrowed capital, analyze the capital structure of large Russian construction companies, identify factors affecting the capital structure and determining the ratio of own and borrowed sources of financing. In the paper the hypothesis is considered that companies use larger volumes of borrowed capital by means of their assets increase.

78 FR 2313 - CapitalSpring SBIC, L.P., License No. 09/79-0454, Notice Seeking Exemption Under the Small...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-01-10

... SMALL BUSINESS ADMINISTRATION CapitalSpring SBIC, L.P., License No. 09/79-0454, Notice Seeking Exemption Under the Small Business Investment Act, Conflicts of Interest Notice is hereby given that Capital... Business Investment Act of 1958, as amended (``the Act''), in connection with the financing of a small...

Net Operating Working Capital, Capital Budgeting, and Cash Budgets: A Teaching Example

ERIC Educational Resources Information Center

Tuner, James A.

2016-01-01

Many introductory finance texts present information on the capital budgeting process, including estimation of project cash flows. Typically, estimation of project cash flows begins with a calculation of net income. Getting from net income to cash flows requires accounting for non-cash items such as depreciation. Also important is the effect of…

Financing drug discovery for orphan diseases.

PubMed

Fagnan, David E; Gromatzky, Austin A; Stein, Roger M; Fernandez, Jose-Maria; Lo, Andrew W

2014-05-01

Recently proposed 'megafund' financing methods for funding translational medicine and drug development require billions of dollars in capital per megafund to de-risk the drug discovery process enough to issue long-term bonds. Here, we demonstrate that the same financing methods can be applied to orphan drug development but, because of the unique nature of orphan diseases and therapeutics (lower development costs, faster FDA approval times, lower failure rates and lower correlation of failures among disease targets) the amount of capital needed to de-risk such portfolios is much lower in this field. Numerical simulations suggest that an orphan disease megafund of only US$575 million can yield double-digit expected rates of return with only 10-20 projects in the portfolio. Copyright © 2013 The Authors. Published by Elsevier Ltd.. All rights reserved.

Pakistan’s Capital Crisis: Implications for U.S. Policy

DTIC Science & Technology

2008-11-21

Shaukat Tarin. On September 19, 2008, acting finance minister Naveed Qamar released new economic policies designed to bring about macroeconomic...Pakistan’s political problems. When he announced the previously mentioned economic policies in September 2008, Finance Minister Qamar said that the

Top Ten Concerns for Trustees in 1988.

ERIC Educational Resources Information Center

Meyerson, Joel W.

1988-01-01

Ten issues most likely to influence institutions this year include tuition policy and financing, capital renewal and replacement, charitable giving, scientific equipment and laboratories, endowment management and spending policy, research funding, corporate contributions, minority enrollment and hiring, debt financing and debt capacity, and cost…

77 FR 38125 - Emergence Capital Partners SBIC, L.P.; Notice Seeking Exemption Under Section 312 of the Small...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-06-26

.../equity security financing to Fox Run Holdings, Inc., 1907 Stout Drive, Warminster, PA 18974 (``Fox Run... of Fox Run, and therefore this transaction is considered a financing of an Associate requiring prior...

Financing the health care Internet.

PubMed

Robinson, J C

2000-01-01

Internet-related health care firms have accelerated through the life cycle of capital finance and organizational destiny, including venture capital funding, public stock offerings, and consolidation, in the wake of heightened competition and earnings disappointments. Venture capital flooded into the e-health sector, rising from $3 million in the first quarter of 1998 to $335 million two years later. Twenty-six e-health firms went public in eighteen months, raising $1.53 billion at initial public offering (IPO) and with post-IPO share price appreciation greater than 100 percent for eighteen firms. The technology-sector crash hit the e-health sector especially hard, driving share prices down by more than 80 percent for twenty-one firms. The industry now faces an extended period of consolidation between e-health and conventional firms.

78 FR 59814 - Extension of Temporary Registration of Municipal Advisors

Federal Register 2010, 2011, 2012, 2013, 2014

2013-09-30

..., 2010; Steve Apfelbacher, President, National Association of Independent Public Finance Advisors, dated..., whether the action would promote efficiency, competition, and capital formation.\\29\\ In addition, Section... as the impact on efficiency, competition, and capital formation, of the amendments are measured. In...

Contract Financing for Small Business

DTIC Science & Technology

1981-11-01

problem. Small business contractors devote considerable management attention to operating capital and cash flow. Small business contractors are keenly...CONTRACT FINANCING 0FOR SMALL BUSINESS November 1981 -s Paul R. McClenon Prepared pursuant to Department of Defense Contract No. MDA903-81-C-0166...34 i 12 17046 DistIbufios Unlimted !I CONTRACT FINANCING FOR SMALL BUSINESS EXECUTIVE SUMMHARY To perform effectively on a contract, a firm needs

International Environment: Environmental Infrastructure Needs in the U.S.-Mexican Border Region Remain Unmet.

DTIC Science & Technology

1996-07-01

225 million of paid-in capital (for a total of $450 million) and $1.275 billion in callable capital (for a total of $2.55 billion) over 4 years. Paid...in capital is the funding provided directly to the Bank. Callable capital is a commitment by the United States and Mexico to provide additional funds...in the case of a failure by the NADBank to meet financial obligations on its own bonds . The Bank’s capital is used to finance infrastructure projects

Pakistan’s Capital Crisis: Implications for U.S. Policy

DTIC Science & Technology

2008-11-07

problems, with the support of his chief economic advisor, Shaukat Tarin. On September 19, 2008, acting finance minister Naveed Qamar released new economic...Finance Minister Qamar said that the economic stabilization package would create jobs and promote agriculture and manufacturing, and reduce poverty

Patterns of financing for the largest hospital systems in the United States.

PubMed

Cleverley, William O; Baserman, Sarah Jane

2005-01-01

The ten large systems reviewed in this column have greater degrees of financial leverage than do most freestanding hospitals. Larger firms typically have both greater capital access and lower costs of financing. Both voluntary and IO systems make extensive use of variable rate financing, but the percentage of variable rate financing is slightly higher for voluntary systems. This difference may be attributable to larger yield curve spreads for tax-exempt versus taxable securities. Interest rate swaps were used by 70 percent of the systems, but the actual amount swapped was relatively minor. This may change in the future as financial officers become more comfortable and familiar with interest rate swap arrangements. When compared to IO systems, voluntary systems have extensive levels of cash relative to their debt positions. Cash balances are more critical in the bond-rating process for voluntary hospitals, and the ability to raise new equity is much more limited in the voluntary sector. Very little capital leasing was used in any of the systems.

Negotiating contracts for vendor-financed purchases of EHR systems. Providers face extraordinary challenges securing financing for HIT projects, especially ones required to capitalize on ARRA incentives.

PubMed

Fox, Steven J; Schick, Vadim

2010-01-01

In this economic climate, healthcare providers may face extraordinary challenges securing financing for health IT projects, especially ones required to capitalize on the incentives in ARRA. Vendor financing may be the best option for many such providers. While such arrangements may often seem a win-win for both parties, providers should be aware of the many potential pitfalls inherent in vendorfinanced deals, including: 1.) additional pressure from vendors to accept their standard contractual terms and conditions because vendors have much more leverage if they are also the creditor in the transaction; 2.) failing to obtain necessary warranties and representations from vendors that their systems will comply with all relevant requirements under ARRA and will permit the provider to achieve meaningful use; and 3.) dealing with problems arising if the vendors' product fails to achieve certification, or the provider fails to achieve "meaningful use" in a timely manner.

Some comments on Hurst exponent and the long memory processes on capital markets

NASA Astrophysics Data System (ADS)

Sánchez Granero, M. A.; Trinidad Segovia, J. E.; García Pérez, J.

2008-09-01

The analysis of long memory processes in capital markets has been one of the topics in finance, since the existence of the market memory could implicate the rejection of an efficient market hypothesis. The study of these processes in finance is realized through Hurst exponent and the most classical method applied is R/S analysis. In this paper we will discuss the efficiency of this methodology as well as some of its more important modifications to detect the long memory. We also propose the application of a classical geometrical method with short modifications and we compare both approaches.

Establishing a School Foundation.

ERIC Educational Resources Information Center

Erickson, Juanita; Stewart, G. Kent

2002-01-01

A school foundation is a nonprofit, tax-exempt organization that finances school projects not covered by the district budget. Legal requirements and accounting procedures; the board of trustees and fund manager; use of volunteers; capitalization and sources of capital (gifts, bequests, fundraising activities); marketing the foundation; examples of…

Topics in Finance. Part V--Capital Structure

ERIC Educational Resources Information Center

Laux, Judy

2011-01-01

Continuing this series on the theory of financial management, the current article investigates capital structure, offering insight into the roles of stockholder wealth maximization, the risk-return tradeoff, and agency conflicts. Much literature addresses this topic, and some of the most recent literature challenges certain theoretical…

78 FR 32294 - Escalate Capital Partners SBIC I, L.P., License No. 06/06-0335; Notice Seeking Exemption Under...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-05-29

..., L.P. proposes to provide loan financing to SailPoint Technologies, Inc., 6034 West Courtyard Drive... Associate of Escalate Capital Partners, SBIC I, L.P., owns more than ten percent of SailPoint Technologies...

12 CFR 930.1 - Definitions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS DEFINITIONS APPLYING TO RISK MANAGEMENT AND CAPITAL REGULATIONS § 930.1 Definitions. As used in this... contract means a derivative contract that transfers credit risk. Credit risk means the risk that the market...

Emigration and welfare in an economy with foreign capital.

PubMed

Djajic, S

1998-08-01

Discussion of the brain drain problem in the 1970s sparked considerable theoretical research upon the effects of emigration. In many cases, it has been determined that emigration reduces the level of welfare of the remaining residents in the source country, regardless of whether or not human capital is exported. In an economy producing traded and non-traded goods. Rivera-Batiz demonstrated that the level of welfare of the remaining residents declines as a consequence of emigration or at most remains unchanged. This paper generalizes the Rivera-Batiz model in another direction to examine the effects of emigration upon the welfare of remaining residents when foreign capital is employed in the economy. In contrast to other earlier studies, it is found that emigration improves the welfare of remaining residents if both they and the migrants have identical preferences and factor endowments. The author also compares the welfare implications of remittance flows back to the source country when they are used to finance consumption and when they are used to finance capital accumulation.

13 CFR 108.730 - Financings which constitute conflicts of interest.

Code of Federal Regulations, 2010 CFR

2010-01-01

... any understanding, agreement, or cross dealing, reciprocal or circular arrangement). (3) Borrow money... NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies... Associates must not, directly or indirectly: (1) Borrow money from any Person described in paragraph (a)(3...

12 CFR Appendix B to Part 1720 - Policy Guidance; Non-Mortgage Liquidity Investments

Code of Federal Regulations, 2010 CFR

2010-01-01

... investment capital for residential mortgage finance. These functions require the Enterprises, as principals... finance system. 2. For the Enterprises effectively to perform their public purposes, they must be... authorities, e. Corporate debt instruments, f. Money market instruments, g. Non-mortgage asset-backed...

ROI (return on investment): its role in voluntary hospital planning.

PubMed

Cleverley, W

1990-01-01

Return on investment is the primary financial criterion used to evaluate the desirability of capital investment in investor-owned firms. Voluntary health care firms need to examine more carefully their return-on-investment levels. The potential loss of capital cost payment in the Medicare program and the removal of tax-exempt financing would raise the effective cost of capital to voluntary health care firms significantly. Many health care providers might find that they are no longer going concerns if capital costs increase much more.

Finding funds under your nose with capital raising techniques.

PubMed

Harris, J P; Price, J B

1988-07-01

As competition increases and patient utilization and reimbursement decline, financial managers are faced with exhausted debt capacity and increasing needs for capital. It appears to be an impossible situation. However, techniques that create underlying value can be used to raise needed capital without jeopardizing a hospital's debt capacity and credit rating. These techniques--off-balance sheet financing, sale/leaseback of undervalued assets, sale or lease of existing services, and debt restructuring--create additional sources of capital without threatening future debt capacity.

24 CFR 905.510 - Submission requirements.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 24 Housing and Urban Development 4 2013-04-01 2013-04-01 false Submission requirements. 905.510 Section 905.510 Housing and Urban Development REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT... DEVELOPMENT THE PUBLIC HOUSING CAPITAL FUND PROGRAM Use of Capital Funds for Financing § 905.510 Submission...

7 CFR 1783.1 - What is the purpose of the Revolving Fund Program?

Code of Federal Regulations, 2010 CFR

2010-01-01

... UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE (CONTINUED) REVOLVING FUNDS FOR FINANCING WATER AND WASTEWATER PROJECTS (REVOLVING FUND PROGRAM) General § 1783.1 What is the purpose of the Revolving Fund Program? This... to capitalize revolving funds for the purpose of providing financing to eligible entities for pre...

The Strategic Use of Debt Financing.

ERIC Educational Resources Information Center

Hornfischer, David

1997-01-01

Increasingly, colleges and universities are using debt financing to respond quickly to new needs and for capital initiatives that will produce long-term benefits. The borrowing process is complex and subject to a variety of government tax regulations and legal limits. Recommends that both small and large institutions work with an experienced…

13 CFR 108.640 - Requirement to file portfolio financing reports (SBA Form 1031).

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Requirement to file portfolio financing reports (SBA Form 1031). 108.640 Section 108.640 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Recordkeeping, Reporting, and Examination...

24 CFR 905.505 - Program requirements.

Code of Federal Regulations, 2011 CFR

2011-04-01

... PHA. (g) Need for financing. (1) A PHA must complete a physical needs assessment at the project level... in the physical needs assessment. (2) Based on the assessment under paragraph (g)(1) of this section... be based on the physical needs assessment. The Capital Fund financing budget shall list the work...

24 CFR 905.505 - Program requirements.

Code of Federal Regulations, 2014 CFR

2014-04-01

... PHA. (g) Need for financing. (1) A PHA must complete a physical needs assessment at the project level... in the physical needs assessment. (2) Based on the assessment under paragraph (g)(1) of this section... be based on the physical needs assessment. The Capital Fund financing budget shall list the work...

24 CFR 905.505 - Program requirements.

Code of Federal Regulations, 2013 CFR

2013-04-01

... PHA. (g) Need for financing. (1) A PHA must complete a physical needs assessment at the project level... in the physical needs assessment. (2) Based on the assessment under paragraph (g)(1) of this section... be based on the physical needs assessment. The Capital Fund financing budget shall list the work...

24 CFR 905.505 - Program requirements.

Code of Federal Regulations, 2012 CFR

2012-04-01

... PHA. (g) Need for financing. (1) A PHA must complete a physical needs assessment at the project level... in the physical needs assessment. (2) Based on the assessment under paragraph (g)(1) of this section... be based on the physical needs assessment. The Capital Fund financing budget shall list the work...

78 FR 7654 - Extension of Exemptions for Security-Based Swaps

Federal Register 2010, 2011, 2012, 2013, 2014

2013-02-04

..., Special Counsel, Office of Capital Markets Trends, Division of Corporation Finance, at (202) 551-3860, U.S... loans and indexes only of loans. The Division of Corporation Finance issued a no-action letter that...; commodity pools; business entities, such as corporations, partnerships, and trusts; employee benefit plans...

Effects of the Oil Spill on Alaskan Education.

ERIC Educational Resources Information Center

Oldaker, Lawrence Lee

Oil-industry-produced revenues, help finance Alaskan state and local governmental services including education. Capital losses incurred by the Exxon Corporation and by commerical fisheries as a consequence of the Exxon Valdez oil spill caused an economic recession, the result being diminished financing for a number of governmental programs and…

Report of The Special Study Group on Federal Contract Research Centers (FCRCs)

DTIC Science & Technology

1971-08-30

reimbursements and to increase capital. The largest portion of fee received is retained as capital to finance fixed assets, to provide a reserve... reimbursement . The remainder—about one-third of ANSER’s total earnings—Is used for working capital. 9, Celling. Its almost exclusive dependence...profit. All research is performed on a strictly cost- reimburable basis, subject to the Armed Service procurement Regulation applicable

The Experience of Risk-Adjusted Capitation Payment for Family Physicians in Iran: A Qualitative Study.

PubMed

Esmaeili, Reza; Hadian, Mohammad; Rashidian, Arash; Shariati, Mohammad; Ghaderi, Hossien

2016-04-01

When a country's health system is faced with fundamental flaws that require the redesign of financing and service delivery, primary healthcare payment systems are often reformed. This study was conducted with the purpose of exploring the experiences of risk-adjusted capitation payment of urban family physicians in Iran when it comes to providing primary health care (PHC). This is a qualitative study using the framework method. Data were collected via digitally audio-recorded semi-structured interviews with 24 family physicians and 5 executive directors in two provinces of Iran running the urban family physician pilot program. The participants were selected using purposive and snowball sampling. The codes were extracted using inductive and deductive methods. Regarding the effects of risk-adjusted capitation on the primary healthcare setting, five themes with 11 subthemes emerged, including service delivery, institutional structure, financing, people's behavior, and the challenges ahead. Our findings indicated that the health system is enjoying some major changes in the primary healthcare setting through the implementation of risk-adjusted capitation payment. With regard to the current challenges in Iran's health system, using risk-adjusted capitation as a primary healthcare payment system can lead to useful changes in the health system's features. However, future research should focus on the development of the risk-adjusted capitation model.

Capital Outlay as an Educational Equity Issue: A Review of Educational Research and Legal Opinion.

ERIC Educational Resources Information Center

Thompson, David C.; And Others

1989-01-01

Examines issues of how school districts finance facility needs. Reviews numerous recent legal decisions addressing capital outlay; discusses implications for educational policymakers. Concludes that court proceedings and research literature suggest an important association between wealth dependency and unmet needs in funding school district…

24 CFR 905.500 - Purpose and description.

Code of Federal Regulations, 2012 CFR

2012-04-01

... 24 Housing and Urban Development 4 2012-04-01 2012-04-01 false Purpose and description. 905.500 Section 905.500 Housing and Urban Development REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT... DEVELOPMENT THE PUBLIC HOUSING CAPITAL FUND PROGRAM Use of Capital Funds for Financing § 905.500 Purpose and...

24 CFR 905.500 - Purpose and description.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 24 Housing and Urban Development 4 2011-04-01 2011-04-01 false Purpose and description. 905.500 Section 905.500 Housing and Urban Development REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT... DEVELOPMENT THE PUBLIC HOUSING CAPITAL FUND PROGRAM Use of Capital Funds for Financing § 905.500 Purpose and...

24 CFR 905.500 - Purpose and description.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 24 Housing and Urban Development 4 2013-04-01 2013-04-01 false Purpose and description. 905.500 Section 905.500 Housing and Urban Development REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT... DEVELOPMENT THE PUBLIC HOUSING CAPITAL FUND PROGRAM Use of Capital Funds for Financing § 905.500 Purpose and...

24 CFR 905.500 - Purpose and description.

Code of Federal Regulations, 2014 CFR

2014-04-01

... 24 Housing and Urban Development 4 2014-04-01 2014-04-01 false Purpose and description. 905.500 Section 905.500 Housing and Urban Development REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENT... DEVELOPMENT THE PUBLIC HOUSING CAPITAL FUND PROGRAM Use of Capital Funds for Financing § 905.500 Purpose and...

World Development Report 1985. International Capital and Economic Development. World Development Indicators.

ERIC Educational Resources Information Center

International Bank for Reconstruction and Development, Washington, DC.

Focusing on the contribution that international capital makes to economic development, this report shows how countries at different stages of development have used external finance productively; how the institutional and policy environment affects the volume and composition of financial flows to developing countries; and how the international…

75 FR 65528 - Membership of National Science Foundation's Senior Executive Service Performance Review Board

Federal Register 2010, 2011, 2012, 2013, 2014

2010-10-25

..., Office of Budget, Finance and Award Management, and Chief Financial Officer; Brian W. Stone, Deputy... Director, Division of Human Resource Management and Chief Human Capital Officer, National Science..., Division of Human Resource Management and Chief Human Capital Officer; Mark L. Weiss, Director, Division of...

77 FR 1471 - The Historically Black College and University Capital Financing Advisory Board

Federal Register 2010, 2011, 2012, 2013, 2014

2012-01-10

... INFORMATION CONTACT: Donald E. Watson, Executive Director, Historically Black College and University Capital...; telephone: (202) 219-7037; fax: (202) 502-7852; email: donald.watson@ed.gov . Individuals who use a..., assistance listening devices, or materials in alternative format) should notify Donald Watson at (202) 219...

12 CFR 932.8 - Minimum liquidity requirements.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Minimum liquidity requirements. 932.8 Section 932.8 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.8 Minimum liquidity requirements. In...

12 CFR 931.5 - Liquidation, merger, or consolidation.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Liquidation, merger, or consolidation. 931.5 Section 931.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.5 Liquidation, merger, or consolidation. The...

Biosurveillance as a Terrain of Innovation in an Era of Monopoly Finance Capital

ERIC Educational Resources Information Center

Magnusson, Jamie

2013-01-01

Situated in a context of higher education policy, this article examines the institutionalization of "innovation" as a national neoliberal economic strategy. As neoliberal capital has become increasingly financialized, this innovation strategy has come to be woven through biotechnological innovation as an economic strategy, and oriented…

26 CFR 1.1348-3 - Definitions.

Code of Federal Regulations, 2010 CFR

2010-04-01

... dividend by reason of section 1373(b) and § 1.1373-1), other distributions of corporate earnings and... corporate form) in which both personal services and capital are material income-producing factors, a... such business, A often finances sales of real estate with his own capital, makes all the necessary...

Improving the Pedagogy of Capital Structure Theory: An Excel Application

ERIC Educational Resources Information Center

Baltazar, Ramon; Maybee, Bryan; Santos, Michael R.

2012-01-01

This paper uses Excel to enhance the pedagogy of capital structure theory for corporate finance instructors and students. We provide a lesson plan that utilizes Excel spreadsheets and graphs to develop understanding of the theory. The theory is introduced in three scenarios that utilize Modigliani & Miller's Propositions and…

School Capital Policies, Regulations and Guidelines.

ERIC Educational Resources Information Center

Alberta Dept. of Education, Edmonton. Finance and Administration Div.

This document is a compendium of the policies, regulations, and guidelines that govern provincial school capital funding in Alberta. The compendium supplements the general framework of policies, guidelines, and procedures contained in the earlier Management and Finance Plan (MFP). Each section of the compendium contains a set of policies,…

12 CFR 620.11 - Content of quarterly report to shareholders.

Code of Federal Regulations, 2010 CFR

2010-01-01

... modification of existing financing agreements; and the reporting entity resulting from business combinations or... section. Such additional information as is needed to enable the reader to assess material changes in... statements of changes in protected borrower capital and at-risk capital for the period between the end of the...

7 CFR 3560.65 - Reserve account.

Code of Federal Regulations, 2014 CFR

2014-01-01

...-year period. The reserve account analysis is based on either a Capital Needs Assessment or life cycle... Assessment or as part of the original life cycle cost analysis. The cost of conducting either a Capital Needs... Needs Assessment or life cycle cost analysis may be included in the loan financing. (b) For ownership...

7 CFR 3560.65 - Reserve account.

Code of Federal Regulations, 2013 CFR

2013-01-01

...-year period. The reserve account analysis is based on either a Capital Needs Assessment or life cycle... Assessment or as part of the original life cycle cost analysis. The cost of conducting either a Capital Needs... Needs Assessment or life cycle cost analysis may be included in the loan financing. (b) For ownership...

Bond financing in volatile times.

PubMed

Gould, Kenneth A; Blanda, Christopher M

2014-03-01

A competitive landscape for providers and changing market conditions require an understanding of key capital sources: tax-exempt bonds remain an attractive capital source. Credit enhancement for bonds is more expensive and more difficult to find than it was in years past. Direct bond purchases by commercial banks mitigate the traditional risks.

12 CFR 931.5 - Liquidation, merger, or consolidation.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Liquidation, merger, or consolidation. 931.5 Section 931.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.5 Liquidation, merger, or consolidation. The...

12 CFR 932.8 - Minimum liquidity requirements.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Minimum liquidity requirements. 932.8 Section 932.8 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.8 Minimum liquidity requirements. In...

75 FR 16072 - Fisheries Finance Program; Final Program Notice and Announcement of Availability of Federal...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-03-31

...NMFS announces the availability of long-term direct loans made underthe Fisheries Finance Program (FFP). The FFP provides financing for the purchase of used vessels or the reconstruction of vessels (limited to reconstructions that do not add to fishing capacity); refinancing for existing debt obligations; financing or refinancing fisheries shoreside facilities or aquacultural facilities; and the purchase or refinancing of Individual Fishing Quota (IFQ) in the North Pacific. FFP loans are not issued for purposes which could contribute to over capitalization of the fishing industry.

Decision models for capital investment and financing decisions in hospitals.

PubMed Central

Vraciu, R A

1980-01-01

The literature on capital investment and financing decisions for hospitals has suggested several approaches to analyzing sets of options. In this paper, I present a taxonomy of the different approaches; analyze and compare the different elements of the taxonomy; and illustrate and discuss the information that can be gained by using each approach. I view these different analytic methods as complementary rather than competing methods of providing information to decision makers, and argue that the complex nature of hospital objectives demands the use of more than one approach. Failure to do this may lead to biased evaluations and poor decision making. PMID:6768699

Impact of Research and Development, Analysis, and Standardization on PV Project Financing Costs

DOE Office of Scientific and Technical Information (OSTI.GOV)

Feldman, David J; Margolis, Robert M; Jones-Albertus, Rebecca

The technical report discusses how R and D efforts focused on removing perceived risk from cash flows to investors have the potential to lower the cost of capital and increase the amount of leverage in a solar project. It also discusses how creating business efficiencies that allow financing transactions to occur more quickly with less effort can reduce the upfront costs associated with arranging financing for a solar project or group of projects. The paper then assesses the impact that these R and D activities might have on the volatility of PV asset cash flows and asset value, as wellmore » as the upfront costs of arranging a financial transaction. Finally, we insert these assumptions into financial models to analyze their impacts on the cost of capital for equity and debt investors, project leverage, and upfront financial transaction costs.« less

Capital finance and ownership conversions in health care.

PubMed

Robinson, J C

2000-01-01

This paper analyzes the for-profit transformation of health care, with emphasis on Internet start-ups, physician practice management firms, insurance plans, and hospitals at various stages in the industry life cycle. Venture capital, conglomerate diversification, publicly traded equity, convertible bonds, retained earnings, and taxable corporate debt come with forms of financial accountability that are distinct from those inherent in the capital sources available to nonprofit organizations. The pattern of for-profit conversions varies across health sectors, parallel with the relative advantages and disadvantages of for-profit and nonprofit capital sources in those sectors.

Summary Statistics of CPB-Qualified Public Radio Stations, Fiscal Year 1972.

ERIC Educational Resources Information Center

Lee, S. Young; Pedone, Ronald J.

Statistics in the areas of finance, employment, and broadcast and production for CPB-qualified (Corporation for Public Broadcasting) public radio stations are given in this report. Tables in the area of finance are presented specifying total funds, income, direct operating costs, and capital expenditure. Employment is divided into all employment…

Summary Statistics of Public TV Licensees, 1972.

ERIC Educational Resources Information Center

Lee, S. Young; Pedone, Ronald J.

Statistics in the areas of finance, employment, broadcast and production for public TV licenses in 1972 are given in this report. Tables in the area of finance are presented specifying total funds, income, direct operating costs, and capital expenditures. Employment is divided into all employment with subdivisions for full- and part-time employees…

Is Bank Finance the Achilles' Heel of Irish SMEs?

ERIC Educational Resources Information Center

Carey, Dermot; Flynn, Antoinette

2005-01-01

Purpose: The purpose of this research paper is to examine the implications of new banking regulations (Basel II) for the Irish SME sector. Training gaps are identified and recommendations to advance social capital networks are provided. Design/methodology/approach: The Irish SME dependence on external (bank) finance and their susceptibility to…

'Capital ideas' for health care in 2015.

PubMed

Payne, Christopher T

2015-05-01

Key factors in planning for healthcare financing in 2015 include: New rules related to municipal advisors. Long-term interest rates and the cost of traditional versus synthetic fixed-rate debt. Ways to use interest-rate swaps to take advantage of synthetic fixed-rate debt. Lesser-known structures that may make variable-rate financing advantageous.

New Approaches to Debt Financing.

ERIC Educational Resources Information Center

Levitz, Larry; And Others

1987-01-01

The use of tax-exempt and taxable bonds by colleges and universities to raise capital is discussed. Currently, the most common tax-exempt instrument issued by higher education institutions is the revenue bond. Until the early 1980s the most common form of tax-exempt financing was long-term fixed-rate debt. Variable or floating rate debt became…

Colorado Charter Schools Capital Finance Study: Challenges and Opportunities for the Future.

ERIC Educational Resources Information Center

Caldwell, Russell B.; Arrington, Barry

This report discusses strategies that will help charter schools finance their facilities needs. It outlines the history of the Colorado Charter Schools Act, focusing on the contracting process, on dispute resolution and appeals, on renewal, on employee options, and on revenue allocation. The document also examines issues surrounding school…

UK PhD Assessment in Accounting and Finance: Social Capital in Action

ERIC Educational Resources Information Center

Smith, Sarah Jane; Urquhart, Vivien

2018-01-01

Assessment lies at the centre of PhD degree quality standards, with quality assurance relying on independent external examiners. This study investigates the role of the viva and the selection of external examiners from within the accounting and finance discipline across UK institutions. A questionnaire survey and follow-up interviews with…

Bond Insurance Can Help Lower the Cost of Financing Your Facilities.

ERIC Educational Resources Information Center

Sockwell, Oliver R.

1993-01-01

For many colleges, universities, and teaching hospitals, the need to expand, renovate, or replace aging structures and equipment is crucial. Institutions need not be large and well known to tap nationwide capital pools. By using municipal bond insurance when issuing tax-exempt bonds for financing, they improve their credit rating and increase…

Financial leases in the hospital industry. An analysis of California hospitals.

PubMed

McCue, M J

1990-08-01

Using California hospital data, this study examined the extent to which capital leases displace debt in the hospital industry. Moreover, it analyzed how hospital and financial variables affect utilization of lease financing. In contrast to the theoretic belief that lease financing displaces debt financing, the results showed a greater use of debt with leases. The study also found smaller, free-standing facilities with a greater investment in plant and equipment employed the lease option.

School Facilities Funding and Capital-Outlay Distribution in the States

ERIC Educational Resources Information Center

Duncombe, William; Wang, Wen

2009-01-01

Traditionally, financing the construction of school facilities has been a local responsibility. In the past several decades, states have increased their support for school facilities. Using data collected from various sources, this study first classifies the design of capital aid programs in all 50 states into various categories based on the scope…

12 CFR 933.2 - Contents of plan.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Contents of plan. 933.2 Section 933.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS BANK... regulatory risk-based capital requirement after the plan is implemented. [66 FR 8310, Jan. 30, 2001, as...

12 CFR 933.1 - Submission of plan.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Submission of plan. 933.1 Section 933.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS BANK CAPITAL STRUCTURE PLANS § 933.1 Submission of plan. (a) In general. By no later than October 29...

12 CFR 931.4 - Dividends.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 12 Banks and Banking 7 2011-01-01 2011-01-01 false Dividends. 931.4 Section 931.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.4 Dividends. (a) In general. A Bank may pay dividends on Class A or...

Criteria for the Evaluation of Student Loan Alternatives.

ERIC Educational Resources Information Center

Dresch, Stephen P.

The objectives of student loan programs and the consequences of specific programmatic determinations are considered. In addition to the primary function of providing access to capital markets for the financing of human capital investment, the student loan system in the United States has been utilized as: (1) a mechanism to subsidize schooling…

13 CFR 120.340 - What is the Export Working Capital Program?

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false What is the Export Working Capital Program? 120.340 Section 120.340 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION BUSINESS... annual renewals. Proceeds can be used only to finance export transactions. Loans can be for single or...

Topics in Finance Part IX--Working Capital Management

ERIC Educational Resources Information Center

Laux, Judy

2012-01-01

The final topic in a series looking at financial management from a theoretical perspective, working capital management provides the focus of the current article. We investigate how three key axioms--the risk-return tradeoff, agency conflicts, and stockholder wealth maximization--relate to this activity that occupies much of the financial manager's…

12 CFR 950.11 - Capital stock requirements; unilateral redemption of excess stock.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Capital stock requirements; unilateral redemption of excess stock. 950.11 Section 950.11 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL... affairs of the Bank shall be administered fairly and impartially and without discrimination in favor of or...

Factors Associated with Passing School District Capital Project Referenda in Wisconsin, 2011-2016

ERIC Educational Resources Information Center

Hoh, Thomas John

2017-01-01

Wisconsin school district superintendents faced with the need to fund capital improvement projects through a school finance bond referendum need support. Information regarding the factors related to a successful referendum in Wisconsin is limited. This mixed methods study examined the factors associated with successful bond referenda in Wisconsin…

75 FR 13802 - Emergence Capital Partners SBIC, L.P. License No. 09/79-0454; Notice Seeking Exemption Under...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-03-23

... section 107.730, Financings which Constitute Conflicts of Interest, of the Small Business Administration... SMALL BUSINESS ADMINISTRATION Emergence Capital Partners SBIC, L.P. License No. 09/79-0454; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is...

76 FR 1491 - Emergence Capital Partners SBIC, L.P. License No. 09/79-0454; Notice Seeking Exemption Under...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-01-10

... Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration... SMALL BUSINESS ADMINISTRATION Emergence Capital Partners SBIC, L.P. License No. 09/79-0454; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is...

Energy Considerations in Home Mortgages: An Evaluation Technique.

ERIC Educational Resources Information Center

Maine Audubon Society, Falmouth.

This document, intended primarily for mortgage lenders, is designed to aid readers in evaluating solar heating technology in the aspects of its capital cost and potential for recovery of investment. Whether or not American consumers will fully exploit this alternative will depend upon interest rates, the allocation of capital to finance the higher…

76 FR 76475 - Praesidian Capital Opportunity Fund III, LP; Notice Seeking Exemption Under Section 312 of the...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-12-07

... to achieve pro rata allocation of investments between the funds. The financing is brought within the... SMALL BUSINESS ADMINISTRATION [License No. 02/02-0647] Praesidian Capital Opportunity Fund III, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest...

12 CFR 931.4 - Dividends.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Dividends. 931.4 Section 931.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.4 Dividends. (a) In general. A Bank may pay dividends on Class A or...

12 CFR 933.2 - Contents of plan.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Contents of plan. 933.2 Section 933.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS BANK... regulatory risk-based capital requirement after the plan is implemented. [66 FR 8310, Jan. 30, 2001, as...

12 CFR 933.1 - Submission of plan.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Submission of plan. 933.1 Section 933.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS BANK CAPITAL STRUCTURE PLANS § 933.1 Submission of plan. (a) In general. By no later than October 29...

Sighten Final Technical Report DEEE0006690 Deploying an integrated and comprehensive solar financing software platform

DOE Office of Scientific and Technical Information (OSTI.GOV)

O'Leary, Conlan

Over the project, Sighten built a comprehensive software-as-a-service (Saas) platform to automate and streamline the residential solar financing workflow. Before the project period, significant time and money was spent by companies on front-end tools related to system design and proposal creation, but comparatively few resources were available to support the many back-end calculations and data management processes that underpin third party financing. Without a tool like Sighten, the solar financing processes involved passing information from the homeowner prospect into separate tools for system design, financing, and then later to reporting tools including Microsoft Excel, CRM software, in-house software, outside software,more » and offline, manual processes. Passing data between tools and attempting to connect disparate systems results in inefficiency and inaccuracy for the industry. Sighten was built to consolidate all financial and solar-related calculations in a single software platform. It significantly improves upon the accuracy of these calculations and exposes sophisticated new analysis tools resulting in a rigorous, efficient and cost-effective toolset for scaling residential solar. Widely deploying a platform like Sighten’s significantly and immediately impacts the residential solar space in several important ways: 1) standardizing and improving the quality of all quantitative calculations involved in the residential financing process, most notably project finance, system production and reporting calculations; 2) representing a true step change in terms of reporting and analysis capabilities by maintaining more accurate data and exposing sophisticated tools around simulation, tranching, and financial reporting, among others, to all stakeholders in the space; 3) allowing a broader group of developers/installers/finance companies to access the capital markets by providing an out-of-the-box toolset that handles the execution of running investor capital through a rooftop solar financing program. Standardizing and improving all calculations, improving data quality, and exposing new analysis tools previously unavailable affects investment in the residential space in several important ways: 1) lowering the cost of capital for existing capital providers by mitigating uncertainty and de-risking the solar asset class; 2) attracting new, lower cost investors to the solar asset class as reporting and data quality resemble standards of more mature asset classes; 3) increasing the prevalence of liquidity options for investors through back leverage, securitization, or secondary sale by providing the tools necessary for lenders, ratings agencies, etc. to properly understand a portfolio of residential solar assets. During the project period, Sighten successfully built and scaled a commercially ready tool for the residential solar market. The software solution built by Sighten has been deployed with key target customer segments identified in the award deliverables: solar installers, solar developers/channel managers, and solar financiers, including lenders. Each of these segments greatly benefits from the availability of the Sighten toolset.« less

White biotechnology: ready to partner and invest in.

PubMed

Kircher, Manfred

2006-01-01

It needs three factors to build an industry: market demand, product vision and capital. White biotechnology already produces high volume products such as feed additive amino acids and specialty products like enzymes for enantioselective biocatalysis. It serves large and diverse markets in the nutrition, wellness, pharmaceutical, agricultural and chemical industry. The total volume adds up to $ 50 billion worldwide. In spite of its proven track record, white biotechnology so far did not attract as much capital as red and even green biotechnology. However, the latest finance indicators confirm the continuously growing attractiveness of investment opportunities in white biotechnology. This article discusses white biotechnology's position and potential in the finance market and success factors.

Funding of Schools, 2000-2001 School Year = Financement des ecoles, Annee scolaire 2000-2001.

ERIC Educational Resources Information Center

Manitoba Dept. of Education and Training, Winnipeg.

Available in English or French, this reference guide summarizes the funding of Manitoba public schools for the 2000-2001 school year. School funding for operating and capital expenses is administered by the provincial government. Following a list of 2000-2001 revisions to the Schools Finance Program, the first section describes base support. The…

A General History of Public School Finance in Alaska. Operating and Capital Costs.

ERIC Educational Resources Information Center

Cole, Nathaniel H.

This document examines the chronological history of financing the Alaskan public school system. The first section traces the influence of the Greco-Russian Church and the Russian-American Company on education in Russian Alaska. The second section focuses on early United States education efforts, including the Sheldon Jackson era, the Organic Act…

13 CFR 108.825 - Purchasing securities from an underwriter or other third party.

Code of Federal Regulations, 2010 CFR

2010-01-01

... ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies Structuring Nmvc Company's Financing of Eligible Small Businesses § 108.825 Purchasing securities from an... within 90 days of the date the public offering is first made; (2) Your purchase price is no more than the...

78 FR 32294 - Main Street Capital ll, L.P., License No. 06/06-0332; Notice Seeking Exemption Under Section 312...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-05-29

... Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is hereby... 107.730, Financings which Constitute Conflicts of Interest of the Small Business Administration (``SBA... financing constituting a conflict of interest requiring prior SBA approval. Notice is hereby given that any...

Guidebook to Geothermal Finance

DOE Office of Scientific and Technical Information (OSTI.GOV)

Salmon, J. P.; Meurice, J.; Wobus, N.

This guidebook is intended to facilitate further investment in conventional geothermal projects in the United States. It includes a brief primer on geothermal technology and the most relevant policies related to geothermal project development. The trends in geothermal project finance are the focus of this tool, relying heavily on interviews with leaders in the field of geothermal project finance. Using the information provided, developers and investors may innovate in new ways, developing partnerships that match investors' risk tolerance with the capital requirements of geothermal projects in this dynamic and evolving marketplace.

Terms, Trends, and Insights: PV Project Finance in the United States, 2017

DOE Office of Scientific and Technical Information (OSTI.GOV)

Feldman, David J; Schwabe, Paul D

This brief is a compilation of data points and market insights that reflect the state of the project finance market for solar photovoltaic (PV) assets in the United States as of the third quarter of 2017. This information can generally be used as a simplified benchmark of the costs associated with securing financing for solar PV as well as the cost of the financing itself (i.e., the cost of capital). This work represents the second DOE sponsored effort to benchmark financing costs across the residential, commercial, and utility-scale PV markets, as part of its larger effort to benchmark the componentsmore » of PV system costs.« less

48 CFR 215.404-71-3 - Contract type risk and working capital adjustment.

Code of Federal Regulations, 2014 CFR

2014-10-01

... varying contract types. The working capital adjustment is an adjustment added to the profit objective for... Base (item 20) Profit objective 24. CONTRACT type risk (1) (2) (3) Cost financed Length factor Interest... money. (3) Multiply (1) by (2). (4) Only complete this block when the prospective contract is a fixed...

48 CFR 215.404-71-3 - Contract type risk and working capital adjustment.

Code of Federal Regulations, 2013 CFR

2013-10-01

... varying contract types. The working capital adjustment is an adjustment added to the profit objective for... Base (item 20) Profit objective 24. CONTRACT type risk (1) (2) (3) Cost financed Length factor Interest... money. (3) Multiply (1) by (2). (4) Only complete this block when the prospective contract is a fixed...

48 CFR 215.404-71-3 - Contract type risk and working capital adjustment.

Code of Federal Regulations, 2012 CFR

2012-10-01

... varying contract types. The working capital adjustment is an adjustment added to the profit objective for... Base (item 20) Profit objective 24. CONTRACT type risk (1) (2) (3) Cost financed Length factor Interest... money. (3) Multiply (1) by (2). (4) Only complete this block when the prospective contract is a fixed...

13 CFR 120.427 - Will SBA approve a securitization application from a capital impaired Securitizer?

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Will SBA approve a securitization application from a capital impaired Securitizer? 120.427 Section 120.427 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION BUSINESS LOANS Lenders Participating Lender Financings § 120.427 Will SBA approve a...

Fostering Innovation in Chile: OECD Economics Department Working Papers, No. 454

ERIC Educational Resources Information Center

Benavente, Jose-Miguel; de Mello, Luiz; Mulder, Nanno

2005-01-01

A good framework for investment in innovation can contribute to increasing Chile's growth potential. Spending on R&D is currently low in relation to GDP and heavily reliant on government financing. Innovation activity in the business sector is also limited by insufficient seed and venture capital and human capital constraints. This is despite…

Master indenture: capital financing for health care systems.

PubMed

Fisher, B; Zimmerman, R J

1984-04-01

The master indenture enables members of multiinstitutional health care systems to finance capital programs and expansions by borrowing on the basis of systemwide revenues and assets. Participation in a master indenture financing may be structured in two ways. In a restricted group, only the parent organization issues notes, and only the parent is directly liable for the debt. To ensure that each member's revenues flow to the parent, the latter must have sole member status and be permitted to approve subsidiaries' debts, budgets, amendments to articles and bylaws of incorporation, and selection of trustees. Each entity's articles and bylaws must permit it to support the system members' common charitable purpose. In contrast, members of an obligated group have direct joint and several liability for master indenture notes. If one subsidiary misses a payment, the parent can call for payment from other obligated group members. Limitations on a member's obligation to support system debt in case of insolvency or bankruptcy may be included in the master indenture provisions. Whichever structure is selected, the amount of debt that can be incurred is based on the institutions' combined financial statements. The master indenture thus allows financially weak institutions to benefit from the credit strengths of stranger system members and permits the parent organization to control members' access to capital markets.

Capitation and risk adjustment in health care financing: an international progress report.

PubMed

Rice, N; Smith, P C

2001-01-01

In every system of health care, capitation payments have become the accepted tool used by health care purchasers in much of the developed world to determine prospective budgets. The policy prescription of capitation is perceived to address both equity objectives (of great importance in publicly funded systems of health care) and efficiency objectives (the dominant concern in competitive insurance markets). An examination of the current state of the art in 20 countries outside the United States in which health care capitation has been implemented confirms that capitation has assumed central importance within diverse systems of health care. In practice, however, the setting of capitation payments has been heavily constrained to date by poor data availability and unsatisfactory analytic methodology.

Airport Financing and User Charge Systems in the USA

NASA Technical Reports Server (NTRS)

Bartle, John R.

1998-01-01

This paper examines the financing of U.S. public airports in a turbulent era of change, and projects toward the future. It begins by briefly outlining historical patterns that have changed the industry, and airport facilities in particular. It then develops basic principles of public finance as applied to public infrastructure, followed by the applicable principles of management. Following that, the current airport financing system is analyzed and contrasted with a socially optimal financing system. A concluding section suggests policy reforms and their likely benefits. The principles of finance and management discussed here are elementary. However, their implications are radical for U.S. airport policy. There is a great deal of room to improve the allocation of aviation infrastructure resources. The application of these basic principles makes it evident that in many cases, current practice is wasteful, environmentally unsound, overly costly, and inequitable. Future investments in public aviation capital will continue to be wasteful until more efficient pricing systems are instituted. Thus, problem in the U.S. is not one of insufficient investment in airport infrastructure, but investment in the wrong types of infrastructure. In the U.S., the vast majority of publically-owned airports are owned by local governments. Thus, while the federal government bad a great deal of influence in financing airports, ultimately these are local decisions. The same is true with many other public infrastructure issues. Katz and Herman (1997) report that in 1995, U.S. net public capital stock equaled almost $4.6 trillion, 72% of which ($3.9 trillion) was owned by state and local governments, most of it in buildings, highways, Streets, sewer systems, and water supply facilities. Thus, public infrastructure finance is fundamentally a local government issue, with implications for federal and state governments in the design of their aid programs.

Impact of Financing Instruments and Strategies on the Wind Power Production Costs: A Case of Lithuania

NASA Astrophysics Data System (ADS)

Bobinaite, V.; Konstantinaviciute, I.

2018-04-01

The paper aims at demonstrating the relevance of financing instruments, their terms and financing strategies in relation to the cost of wind power production and the ability of wind power plant (PP) to participate in the electricity market in Lithuania. The extended approach to the Levelized Cost of Energy (LCOE) is applied. The feature of the extended approach lies in considering the lifetime cost and revenue received from the support measures. The research results have substantiated the relevance of financing instruments, their terms and strategies in relation to their impact on the LCOE and competitiveness of wind PP. It has been found that financing of wind PP through the traditional financing instruments (simple shares and bank loans) makes use of venture capital and bonds coming even in the absence of any support. It has been estimated that strategies consisting of different proportions of hard and soft loans, bonds, own and venture capital result in the average LCOE of 5.1-5.7 EURct/kWh (2000 kW), when the expected electricity selling price is 5.4 EURct/kWh. The financing strategies with higher shares of equity could impact by around 6 % higher LCOE compared to the strategies encompassing higher shares of debt. However, seeking to motivate venture capitalists, bond holders or other new financiers entering the wind power sector, support measures (feed-in tariff or investment subsidy) are relevant in case of 250 kW wind PP. It has been estimated that under the unsupported financing strategies, the average LCOE of 250 kW wind PP will be 7.8-8.8 EURct/kWh, but it will reduce by around 50 % if feed-in tariff or 50 % investment subsidy is applied.

26 CFR 1.103-10 - Exemption for certain small issues of industrial development bonds.

Code of Federal Regulations, 2011 CFR

2011-04-01

... capital or to finance inventory are not used in the manner described in the preceding sentence. Whether... personal property, or by a person in the trade or business of leasing property the same as, or similar to.... Example 14. On February 1, 1970, city D issues $5 million of its bonds to finance construction of an...

The Quality of Hong Kong's Self-Financing Sub-Degree Education from an Economic Perspective

ERIC Educational Resources Information Center

Chan, Chi Wai

2012-01-01

This paper examines the quality of Hong Kong's sub-degree level education provided by the self-financing institutes in terms of its impact on the earnings of workers, based on Hong Kong's 2006 by-census data. Education is an investment in human capital that enhances the productivity of workers and increases their lifetime incomes; and a more…

Financing strategic plans for not-for-profits.

PubMed

Wong-Hammond, Laca; Damon, Lorie

2013-07-01

To succeed in today's complex economic environment, a not-for-profit health system requires an effective strategic capital planning process that harmonizes three elements: The organization's long-term business plan and mission. Existing financial resources and finance options available to support the organization's business plan. Financial risk and return on equity to the organization's stakeholders (within acceptable parameters for business risk).

Financing Education in a Climate of Change. Third Edition.

ERIC Educational Resources Information Center

Burrup, Percy E.; Brimley, Vern, Jr.

Education is declared to be an investment in human capital. Reform in school finance systems is long overdue in many states, but much progress has been made, and will yet be made, due to far-reaching decisions in a number of relevant court cases in the 1970s. To provide practical guidelines and cost-effective decision-making techniques for…

Evaluating the relative impacts of operational and financial factors on the competitiveness of an algal biofuel production facility.

PubMed

Hise, Adam M; Characklis, Gregory W; Kern, Jordan; Gerlach, Robin; Viamajala, Sridhar; Gardner, Robert D; Vadlamani, Agasteswar

2016-11-01

Algal biofuels are becoming more economically competitive due to technological advances and government subsidies offering tax benefits and lower cost financing. These factors are linked, however, as the value of technical advances is affected by modeling assumptions regarding the growth conditions, process design, and financing of the production facility into which novel techniques are incorporated. Two such techniques, related to algal growth and dewatering, are evaluated in representative operating and financing scenarios using an integrated techno-economic model. Results suggest that these techniques can be valuable under specified conditions, but also that investment subsidies influence cost competitive facility design by incentivizing development of more capital intensive facilities (e.g., favoring hydrothermal liquefaction over transesterification-based facilities). Evaluating novel techniques under a variety of operational and financial scenarios highlights the set of site-specific conditions in which technical advances are most valuable, while also demonstrating the influence of subsidies linked to capital intensity. Copyright © 2016 Elsevier Ltd. All rights reserved.

'Nonprofits' need surplus too.

PubMed

Young, D W

1982-01-01

By definition profit refers to the difference between revenue and expenses. In for-profit organizations profit or surplus gives a return to the owners of the company and serves as a source of financing for capital acquisitions and working capital. Nonprofit organizations, which are not allowed a surplus, don't suffer on the first count because they have no owners. But they do suffer on the second count because, if expected to grow, they need to finance asset replacement and growth. In these days when funds for long-term debt are becoming scarcer, this author asserts, the need for regulators to allow 'nonprofits' to keep a surplus is increasing. In this article, he argues for a surplus and then discusses how managers and regulators can determine how much a nonprofit organization should be allowed. He presents a combination of a modified version of the return-on-asset pricing model used in for-profit organizations and a model for assessing working capital needs associated with growth.

Commercializing biomedical research through securitization techniques.

PubMed

Fernandez, Jose-Maria; Stein, Roger M; Lo, Andrew W

2012-10-01

Biomedical innovation has become riskier, more expensive and more difficult to finance with traditional sources such as private and public equity. Here we propose a financial structure in which a large number of biomedical programs at various stages of development are funded by a single entity to substantially reduce the portfolio's risk. The portfolio entity can finance its activities by issuing debt, a critical advantage because a much larger pool of capital is available for investment in debt versus equity. By employing financial engineering techniques such as securitization, it can raise even greater amounts of more-patient capital. In a simulation using historical data for new molecular entities in oncology from 1990 to 2011, we find that megafunds of $5–15 billion may yield average investment returns of 8.9–11.4% for equity holders and 5–8% for 'research-backed obligation' holders, which are lower than typical venture-capital hurdle rates but attractive to pension funds, insurance companies and other large institutional investors.

Capital Support: Objectives, Policy, Implementation. Brief to the Council of Ontario Universities Prepared by Committee on Capital Financing.

ERIC Educational Resources Information Center

Council of Ontario Universities, Toronto.

To encourage an explicit and more complete statement of policy and objectives so that the universities would have improved opportunities to plan intelligently for the future, the Council of Ontario Universities (COU) prepared this brief to suggest to the Ontario Council on University Affairs (OCUA) some factors to be taken into account in…

Building a Sustained School Facilities Remedy: Arizona's Innovative Blueprint for Capital Funding. Education, Equity, and the Law. No. 3

ERIC Educational Resources Information Center

Hunter, Molly A.

2010-01-01

For over ten years, the State of Arizona has implemented an innovative statewide process for financing and building school facilities and purchasing other capital items for its schools. Spawned by an education quality lawsuit, the 1998 Students FIRST Act established the School Facilities Board, which succeeded in helping rural, suburban, and urban…

Financing development stage biotechnology companies: RMs vs. IPOs.

PubMed

Ahn, Mark J; Couch, Robert B; Wu, Wei

2011-01-01

We examine reverse mergers (RMs) in the biotechnology industry and find that, when compared to initial public offerings (IPOs), RMs are smaller, have significantly lower market valuations relative to size, and generally invest less. We also find that RMs exhibit positive abnormal returns on the announcement date and throughout the first year after the RM event. In looking at liquidity measures, we find that RMs tend to be less liquid than IPOs and that illiquidity is greater during the six-month lock-up period following the RM event. Thus, RMs may be an appropriate alternative financing vehicle in capital intensive, high-risk biotechnology companies which require accessing deeper and larger pools of investors in public capital markets across multiple milestone periods in a "pay for progress" environment.

The convergence of Chinese county government health expenditures: capitation and contribution.

PubMed

Zhang, Guoying; Zhang, Luwen; Wu, Shaolong; Xia, Xiaoqiong; Lu, Liming

2016-08-19

The disparity between government health expenditures across regions is more severe in developing countries than it is in developed countries. The capitation subsidy method has been proven effective in developed countries in reducing this disparity, but it has not been tested in China, the world's largest developing country. The convergence method of neoclassical economics was adopted to test the convergence of China's regional government health expenditure. Data were obtained from Provinces, Prefectures and Counties Fiscal Statistical Yearbook (2003-2007) edited by the Chinese Ministry of Finance, and published by the Chinese Finance & Economics Publishing House. The existence of σ-convergence and long-term and short-term β-convergence indicated the effectiveness of the capitation subsidy method in the New Rural Cooperative Medical Scheme on narrowing county government health expenditure disparities. The supply-side variables contributed the most to the county government health expenditure convergence, and factors contributing to convergence of county government health expenditures per capita were different in three regions. The narrowing disparity between county government health expenditures across regions supports the effectiveness of the capitation subsidy method adopted by China's New Rural Cooperative Scheme. However, subsidy policy still requires further improvement.

Efficiency, new equity capital enable systems to compete.

PubMed

Brown, M; McCool, B P

1985-01-01

Because of limited cash, sponsors of some community and religious hospitals have sought to sell or lease their institutions to a not-for-profit (NFP) system or to a for-profit system. A number of national alliances address the capital formation problem of NFP institutions. Until now they have been almost exclusively concerned with acquiring less costly debt. Without new equity capital, market influence is difficult to obtain. Even well-managed voluntary systems face a serious threat from well-capitalized investor-owned systems. Increased competition among hospitals and physicians will force future advantages to those who have capital. It will also restrict funding of certain programs and services by voluntary enterprises. In anticipation of this, various forms of partnerships have developed with investor-owned systems. To regain the initiative as the premier sponsors of health care, religious and other voluntary systems must go beyond merely competing in their markets to acquiring weaker institutions. They also must revitalize private giving and excel in efficiency to offset threats from ambulatory, day-care operations and from high-technology hospitals. Structural changes in the industry can be predicted, including the following: The trend toward integration for production, financing, and marketing will continue. Public market equity capital will be increasingly used to finance medical practice. Hospitals that sell their equity values will establish service foundations. National alliances will continue, but strictly local systems will maintain operation. Investor-owned systems will move increasingly into high-technology tertiary care.

A Review of Wind Project Financing Structures in the USA

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bolinger, Mark A; Harper, John; Karcher, Matthew

2008-09-24

The rapid pace of wind power development in the U.S. over the last decade has outstripped the ability of most project developers to provide adequate equity capital and make efficient use of project-related tax benefits. In response, the sector has created novel project financing structures that feature varying combinations of equity capital from project developers and third-party tax-oriented investors, and in some cases commercial debt. While their origins stem from variations in the financial capacity and business objectives of wind project developers, as well as the risk tolerances and objectives of equity and debt providers, each structure is, at itsmore » core, designed to manage project risk and allocate federal tax incentives to those entities that can use them most efficiently. This article surveys the six principal financing structures through which most new utility-scale wind projects (excluding utility-owned projects) in the U.S. have been financed from 1999 to the present. These structures include simple balance-sheet finance, several varieties of all-equity special allocation partnership 'flip' structures, and two leveraged structures. In addition to describing each structure's mechanics, the article also discusses its rationale for use, the types of investors that find it appealing and why, and its relative frequency of use in the market. The article concludes with a generalized summary of how a developer might choose one structure over another.« less

Non-Hardware ("Soft") Cost-Reduction Roadmap for Residential and Small Commercial Solar Photovoltaics, 2013-2020

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ardani, K.; Seif, D.; Margolis, R.

2013-08-01

The objective of this analysis is to roadmap the cost reductions and innovations necessary to achieve the U.S. Department of Energy (DOE) SunShot Initiative's total soft-cost targets by 2020. The roadmap focuses on advances in four soft-cost areas: (1) customer acquisition; (2) permitting, inspection, and interconnection (PII); (3) installation labor; and (4) financing. Financing cost reductions are in terms of the weighted average cost of capital (WACC) for financing PV system installations, with real-percent targets of 3.0% (residential) and 3.4% (commercial).

Medicaid and Financing of Health Care for Children in Foster Care: Findings from a National Survey. Health Services for Children in Foster Care. Number 1

ERIC Educational Resources Information Center

Inkelas, Moira; Halfon, Neal

2002-01-01

In recent years, state Medicaid programs have implemented significant change and innovation in delivering health and behavioral health services. Prepaid capitated financing and the provider networks created by Medicaid managed care expansions have altered systems of medical and mental/behavioral health. Most children in foster care receive…

Effectiveness of Loan Guarantees versus Tax Incentives for Space Launch Ventures

NASA Technical Reports Server (NTRS)

Scottoline, S.; Coleman, R.

1999-01-01

Over the course of the past few years, several new and innovative fully or partiailly reusable launch vehicle designs have been initiated with the objective of reducing the cost of space transportation. These new designs are in various stages hardware development for technology and system demonstrators. The larger vehicles include the Lockheed Martin X-33 technology demonstrator for VentureStar and the Space Access launcher. The smaller launcher ventures include Kelly Space and Technology and Rotary Rocket Company. A common denominator between the new large and small commercial launch systems is the ability to obtain project financing and at an affordable cost. Both are having or will have great difficulty in obtaining financing in the capital markets because of the dollar amounts and the risk involved. The large established companies are pursuing multi-billion dollar developments which are a major challenge to finance because of the size and risk of the projects. The smaller start-up companies require less capital for their smaller systems, however, their lack of corporate financial muscle and launch vehicle track record results in a major challenge to obtain financing also because of high risk. On Wall Street, new launch system financing is a question of market, technical, organizational, legal/regulatory and financial risk. The current limit of acceptable financial risk for Space businesses on Wall Street are the telecommunications and broadcast satellite projects, of which many in number are projected for the future. Tbc recent problems with Iridium market and financial performance are casting a long shadow over new satellite project financing, making it increasingly difficult for the new satellite projects to obtain needed financing.

Capital investment strategies in health care systems.

PubMed

Reiter, K L; Smith, D G; Wheeler, J R; Rivenson, H L

2000-01-01

Capital investment decisions are among the most important decisions made by firms. They determine the firm's capacity for providing services and commit the firm's cash for an extended period of time. Interviews with chief financial officers of leading health care systems reveal capital investment strategies that generally follow the recommendations of modern finance theory. Still, there is substantial variation in capital budgeting techniques, methods of risk adjustment, and the importance of qualitative considerations in investment decision making. There is also variation in delegation of investment decision making to operating units and methods of performance evaluation. Health care systems face the same challenges as other organizations in developing and implementing capital investment strategies that use consistent methods for evaluation of projects that have inconsistent aims and outcomes.

Crowdsourced Microfinance for Energy Efficiency in Underserved Communities

DOE Office of Scientific and Technical Information (OSTI.GOV)

Baird, Donnel; Cox, Morris; Harmarneh, Sarey

BlocPower’s mission is to provide access to energy efficiency financing for underserved communities across the United States. This project, “Crowdsourced Microfinance for Energy Efficiency in Underserved Communities,” is an extension of that goal and is grounded in the principles of providing engineering and financing services to those in need. The project is based on the creation of a BlocPower Marketplace as a central hub for connecting shovel-ready green buildings to institutional investors. This ‘connection’ entails using online crowdfunding to aggregate debt and equity capital from institutional investors to connect to customers (building owners) across various financial portfolios. BlocPower Marketplace ismore » intended to bring social, environmental, and financial returns to investors while also decreasing investor risk by loaning out funds for energy installations in individual buildings. In detail, the intended benefits of crowdsourcing are two-sided. Firstly, for building owners, clean energy retrofit installations improve building operations, reduce utility costs, and reduce harmful impacts to their surrounding environment. Secondly, for institutional investors, they gain access to a new market of energy efficiency and are able to provide debt or equity capital with high financial returns. This gives investors the opportunity to create social and environmental impact in communities around the country as well. With this in mind, BlocPower designed the marketplace to specifically answer exploratory research questions with respect to the pricing of energy financing. Institutional investors typically charge high rates on project financing solutions in the energy space, particularly in low and middle-income communities, because of fears that required debt service will not be made. This makes access to energy capital exorbitantly difficult for those that need it the most. Through this project, BlocPower tested investor appetite to determine if crowdsourcing would lower prices and subsequently lower barriers to entry for underserved communities’ access to energy capital. BlocPower’s results in this project were extremely informative for the industry. The project demonstrates that the marketplace is a scalable tool to help overcome barriers to entry for small building owners in underserved communities to access energy efficiency financing, but that crowdfunding by itself does not necessarily lower interest rates and make energy efficiency projects feasible. For that, we need a repayment mechanism that lowers perceived risk. That mechanism is on bill repayment.« less

Defense Financial and Investment Review

DTIC Science & Technology

1985-06-01

productivity -enhancing improvements. Other methods are required. Other SubJects o Shipbuilding contract pricing , financing and markup policies nced re...34 . . . current tax and profit policies appear to discourage capital investment in new facilities and equipment that would increase productivity and...borrowing and profits may not be productive . o The liquidity model postulates new capital expenditures as a function of rofits or cash flow. There are two

Gambling on change. Five big systems buy into a venture capital fund to try to reap profits from the transformation of healthcare.

PubMed

Evans, Melanie

2011-01-31

Five healthcare systems have financed a venture-capital fund with hopes for a financial and operational return. Executives say the investment is a way to influence technological developments and evaluate products and software. James Bosscher, chief investment officer at Trinity Health, left, said Heritage fund investments will target health information technology.

78 FR 32294 - Escalate Capital Partners SBIC I, L.P., License No. 06/06-0335; Notice Seeking Exemption Under...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-05-29

... Notice is hereby given that Escalate Capital Partners SBIC I, L.P., 300 W. 6th Street, Suite 2250, Austin... Renewable Energy, LLC, which is portfolio company of its Associate Austin Ventures. The financing is brought within the purview of Sec. 107.730(a)(l) of the Regulations because Austin Ventures, an Associate of...

Bookending the Opportunity to Lower Wind’s LCOE by Reducing the Uncertainty Surrounding Annual Energy Production

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bolinger, Mark

Reducing the performance risk surrounding a wind project can potentially lead to a lower weighted-average cost of capital (WACC), and hence a lower levelized cost of energy (LCOE), through an advantageous shift in capital structure, and possibly also a reduction in the cost of capital. Specifically, a reduction in performance risk will move the 1-year P99 annual energy production (AEP) estimate closer to the P50 AEP estimate, which in turn reduces the minimum debt service coverage ratio (DSCR) required by lenders, thereby allowing the project to be financed with a greater proportion of low-cost debt. In addition, a reduction inmore » performance risk might also reduce the cost of one or more of the three sources of capital that are commonly used to finance wind projects: sponsor or cash equity, tax equity, and/or debt. Preliminary internal LBNL analysis of the maximum possible LCOE reduction attainable from reducing the performance risk of a wind project found a potentially significant opportunity for LCOE reduction of ~$10/MWh, by reducing the P50 DSCR to its theoretical minimum value of 1.0 (Bolinger 2015b, 2014) and by reducing the cost of sponsor equity and debt by one-third to one-half each (Bolinger 2015a, 2015b). However, with FY17 funding from the U.S. Department of Energy’s Atmosphere to Electrons (A2e) Performance Risk, Uncertainty, and Finance (PRUF) initiative, LBNL has been revisiting this “bookending” exercise in more depth, and now believes that its earlier preliminary assessment of the LCOE reduction opportunity was overstated. This reassessment is based on two new-found understandings: (1) Due to ever-present and largely irreducible inter-annual variability (IAV) in the wind resource, the minimum required DSCR cannot possibly fall to 1.0 (on a P50 basis), and (2) A reduction in AEP uncertainty will not necessarily lead to a reduction in the cost of capital, meaning that a shift in capital structure is perhaps the best that can be expected (perhaps along with a modest decline in the cost of cash equity as new investors enter the market).« less

Capitation among Medicare beneficiaries.

PubMed

Bazos, D A; Fisher, E S

1999-01-01

The Medicare program has promoted capitation as a way to contain costs. About 15% of Medicare beneficiaries nationwide are currently under capitation, but tremendous regional variation exists. The proportion of Medicare beneficiaries who have enrolled in risk-contract plans in individual states and in the 25 largest metropolitan areas in the United States. Health Care Financing Administration data files. Medicare beneficiaries are most likely to be under capitation in Arizona (38%) and California (37%). Eight other states have capitation rates greater than 20%: Colorado, Florida, Rhode Island, Oregon, Washington, Pennsylvania, Massachusetts, and Nevada. Thirty states, largely in the Great Plains area and the southern United States, have capitation rates less than 10%. Four major metropolitan areas have market penetration rates greater than 40%: San Bernardino, California; San Diego, California; Phoenix, Arizona; and Miami, Florida. Little penetration exists outside of metropolitan areas. Capitation in Medicare is a regional and predominantly an urban phenomenon.

Financing Opportunities for Renewable Energy Development in Alaska

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ardani, K.; Hillman, D.; Busche, S.

2013-04-01

This technical report provides an overview of existing and potential financing structures for renewable energy project development in Alaska with a focus on four primary sources of project funding: government financed or supported (the most commonly used structure in Alaska today), developer equity capital, commercial debt, and third-party tax-equity investment. While privately funded options currently have limited application in Alaska, their implementation is theoretically possible based on successful execution in similar circumstances elsewhere. This report concludes that while tax status is a key consideration in determining appropriate financing structure, there are opportunities for both taxable and tax-exempt entities to participatemore » in renewable energy project development.« less

Strengthening the Referral System through Social Capital: A Qualitative Inquiry in Ghana.

PubMed

Amoah, Padmore Adusei; Phillips, David R

2017-10-25

The referral system in health care has been noted as very influential in determining which services are accessed and when. Nonetheless, existing studies have relied on specific measurable factors relating to health personnel, transportation and communication infrastructure, and finance to explain the challenges facing the referral policy in developing countries. While this is understandable, the role of social capital remains mostly uncharted even though it is implicit in the well-known lay referral system. Using various facets of the social capital concept, this paper empirically examines how the resources embedded in both structural and cognitive aspects of social relationships influence knowledge of, and adherence to, referral policy. This study is based on semi-structured in-depth interviews conducted with 79 adults in the Ashanti Region of Ghana in 2015. Of the 79 participants, 28 lived in urban areas and 51 in rural localities. Eight health personnel and eight community leaders also contributed to the study. Additionally, six focus group discussions were held. The findings indicated that both cognitive and structural forms of social capital considerably underpinned the ability and willingness of people to adhere to the referral process. Moreover, the role of social capital was double-barrelled. It contributed in a significant way to encouraging or dissuading potential patients from rightly embracing the policy. In addition, precepts of social capital reinforced both positive and adverse effects of the other determinants of the policy such as finance and transportation. However, the magnitude of such impact was linked to how 'resourceful' and 'trustworthy' one's available social acquaintances were. The paper suggests that a cautious engagement with social capital will make it a potentially powerful tool for understanding the gaps in and improving the effectiveness of referral policy.

Strengthening the Referral System through Social Capital: A Qualitative Inquiry in Ghana

PubMed Central

Amoah, Padmore Adusei; Phillips, David R.

2017-01-01

The referral system in health care has been noted as very influential in determining which services are accessed and when. Nonetheless, existing studies have relied on specific measurable factors relating to health personnel, transportation and communication infrastructure, and finance to explain the challenges facing the referral policy in developing countries. While this is understandable, the role of social capital remains mostly uncharted even though it is implicit in the well-known lay referral system. Using various facets of the social capital concept, this paper empirically examines how the resources embedded in both structural and cognitive aspects of social relationships influence knowledge of, and adherence to, referral policy. This study is based on semi-structured in-depth interviews conducted with 79 adults in the Ashanti Region of Ghana in 2015. Of the 79 participants, 28 lived in urban areas and 51 in rural localities. Eight health personnel and eight community leaders also contributed to the study. Additionally, six focus group discussions were held. The findings indicated that both cognitive and structural forms of social capital considerably underpinned the ability and willingness of people to adhere to the referral process. Moreover, the role of social capital was double-barrelled. It contributed in a significant way to encouraging or dissuading potential patients from rightly embracing the policy. In addition, precepts of social capital reinforced both positive and adverse effects of the other determinants of the policy such as finance and transportation. However, the magnitude of such impact was linked to how ‘resourceful’ and ‘trustworthy’ one’s available social acquaintances were. The paper suggests that a cautious engagement with social capital will make it a potentially powerful tool for understanding the gaps in and improving the effectiveness of referral policy. PMID:29068366

Risk factors.

PubMed

Robbins, Catherine J; Connors, K C; Sheehan, Timothy J; Vaughan, James S

2005-06-01

Minimize surprises on your financial statement by adopting a model for integrated risk management that: Examines interrelationships among operations, investments, and financing. Incorporates concepts of the capital asset pricing model to manage unexpected volatility

26 CFR 1.263(a)-5 - Amounts paid or incurred to facilitate an acquisition of a trade or business, a change in the...

Code of Federal Regulations, 2010 CFR

2010-04-01

... seeks to acquire all of the outstanding stock of Y corporation. To finance the acquisition, Q must issue... incurred the new debt to finance its acquisition of Y. See § 1.446-5 for the treatment of Q's capitalized... paid to facilitate the acquisitions. Example 4. Corporate acquisition. (i) On February 1, 2005, R...

Capital Needed: Financing New Space for Day Care Centers.

ERIC Educational Resources Information Center

Ward, Antony; And Others

The issue of how to finance creation of new space or expansion of current space for day care in New York City (NYC) is the subject of this report. In NYC, there are close to 105,000 children under 6 years of age for whom there is no space in day care programs. Even if there were sufficient subsidies to help parents obtain child care, there would…

Avoiding potential problems when selling accounts receivable.

PubMed

Ayers, D H; Kincaid, T J

1996-05-01

Accounts receivable financing is a potential tool for managing a provider organization's working capital needs. But before entering into a financing agreement, organizations need to consider and take steps to avoid serious problems that can arise from participation in an accounts receivable financing program. For example, the purchaser may cease purchasing the receivables, leaving the organization without funding needed for operations. Or, the financing program may be inordinately complex and unnecessarily costly to the organization. Sometimes the organization itself may fail to comply with the terms of the agreement under which the accounts receivable were sold, thus necessitating that restitution be made to the purchaser or provoking charges of fraud. These potential problems should be addressed as early as possible--before an organization enters into an accounts receivable financing program--in order to minimize time, effort, and expanse and maximize the benefits of the financing agreement.

Mobilizing Public Markets to Finance Renewable Energy Projects: Insights from Expert Stakeholders

DOE Office of Scientific and Technical Information (OSTI.GOV)

Schwabe, P.; Mendelsohn, M.; Mormann, F.

Financing renewable energy projects in the United States can be a complex process. Most equity investment in new renewable power production facilities is supported by tax credits and accelerated depreciation benefits, and is constrained by the pool of potential investors that can fully use these tax benefits and are willing to engage in complex financial structures. For debt financing, non-government lending has largely been provided by foreign banks that may be under future lending constraints due to economic and regulatory conditions. To discuss renewable energy financing challenges and to identify new sources of capital to the U.S. market, two roundtablemore » discussions were held with renewable energy and financing experts in April 2012. This report summarizes the key messages of those discussions and is designed to provide insights to the U.S. market and inform the international conversation on renewable energy financing innovations.« less

Data on the relationships between financing strategies, entrepreneurial competencies and business growth of technology-based SMEs in Nigeria.

PubMed

Ibidunni, Ayodotun Stephen; Kehinde, Oladele Joseph; Ibidunni, Oyebisi Mary; Olokundun, Maxwell Ayodele; Olubusayo, Falola Hezekiah; Salau, Odunayo Paul; Borishade, Taiye Tairat; Fred, Peter

2018-06-01

The article presents data on the relationship between financing strategies, entrepreneurial competencies and business growth of technology-based SMEs in Nigeria. Copies of structured questionnaire were administered to 233 SME owners and financial managers. Using descriptive and standard multiple regression statistical analysis, the data revealed that venture capital and business donations significantly influences profit growth of technology-based SMEs. Moreover, the data revealed that technology-`based firms can enhance their access to financing through capacity building in entrepreneurial competencies, such as acquiring the right skills and attitude.

A comparison of the capital structures of nonprofit and proprietary health care organizations.

PubMed

Trussel, John

2012-01-01

The relative amount of debt used by an organization is an important determination of the organization's likelihood of financial problems and its cost of capital. This study addresses whether or not there are any differences between proprietary and nonprofit health care organizations in terms of capital structure. Controlling for profitability, risk, growth, and size, analysis of covariance is used to determine whether or not proprietary and nonprofit health care organizations use the same amount of leverage in their capital structures. The results indicate that there is no difference in the amount of leverage between the two institutional types. Although nonprofit and proprietary organizations have unique financing mechanisms, these differences do not impact the relative amount of debt and equity in their capital structures.

Overview of Continuing Education Financing and Budgeting.

ERIC Educational Resources Information Center

Shipp, Travis

1982-01-01

Continuing education agencies have cycles of financial activities that are all parts of financial management, including obtaining funding and venture capital, setting fees, and controlling costs for cost recovery. (Author/SSH)

Non-acute care facility ownership: if not you, who?

PubMed

Davis, J Michael

2007-01-01

Physician groups now face a dynamic medical real estate market that can provide an attractive alternative to self-owned and self-financed outpatient facilities and medical office buildings. The ownership and financing options available to physicians and physician groups considering the development of new medical projects have expanded greatly over the past few years and are likely to continue to evolve in the foreseeable future. This changing environment, driven by new sources of institutional capital and the emergence of qualified developers, has led to a more competitive market for physicians and groups seeking real estate capital partners, and physicians are starting to take advantage of it. Physicians and groups have embraced third-party ownership and management of real estate, because it can preserve capital resources and minimizes risk. These groups are using third parties to develop and own new medical real estate projects. This article describes medical real estate project development alternatives, the attributes and concerns of developers, typical transaction terms, and a recommended process for physicians and groups to select the best real estate development partner.

Beyond capital? The challenge for sociology in Britain.

PubMed

Holmwood, John

2014-12-01

This article offers a 'local', British, reading of Piketty's landmark book, Capital in the Twenty-First Century, suggesting that the challenge it offers to sociological approaches to inequality is more fundamental than hitherto recognized. The variations in 'national trajectories' exposed by Piketty reveal Britain to be anomalous in terms of standard approaches to the path dependencies embedded in different welfare regimes. Using the recent work of Monica Prasad on 'settler capitalism' in the USA and the tax and debt-finance regime associated with it, the article suggests that colonialism and empire and its postwar unravelling has had deep consequences for British social stratification, albeit largely neglected by British sociologists. Finally, it points to the fact that the form of tax and debt-finance regime that has become reinforced in Britain is at the heart of recent radical reforms to higher education. These are the currently unexplicated conditions of our future practice as sociologists and, therefore, an obstacle to building a critical sociology on the foundations laid out by Piketty. © London School of Economics and Political Science 2014.

The Madoffization of Irish society: from Ponzi finance to sociological critique.

PubMed

Monaghan, Lee F; O'Flynn, Micheal

2017-12-01

Financialization and neoliberal policy created the Celtic Tiger. This economic 'miracle' furthered creditors' and property developers' speculative interests, leading to an unstable financial pyramid that eventually imploded in 2008 with catastrophic consequences for Irish society. Using the sociological imagination as social critique, this paper offers a lens on fictitious capital and Ponzi finance in the context of Ireland's boom and bust. Critique is advanced using the Madoffization of society thesis, a sociological heuristic that draws formal comparisons between Bernie Madoff's US$65 billion Ponzi scheme, which collapsed in 2008, and financialized capitalism. The Madoff case exhibits five main elements or forms which, it has been argued, underlie the varying content of life on a much broader scale: accumulation by debt expansion, mass deception, efforts to maintain secrecy and silence, obfuscation, and scapegoating. In conclusion, a crucial difference between the Madoff case and the Madoffization of Irish society is underscored. Discussion also moves from critique to hope amidst calls to renew sociology and transform financialized capitalism. © London School of Economics and Political Science 2017.

13 CFR 120.464 - Reports to SBA.

Code of Federal Regulations, 2010 CFR

2010-01-01

... submit to SBA a summary of any changes in the SBA Supervised Lender's organization or financing (within... reasons and documentation. The waiver decision of the appropriate Office of Capital Access official in...

7 CFR 1710.119 - Loan processing priorities.

Code of Federal Regulations, 2010 CFR

2010-01-01

... and Basic Policies § 1710.119 Loan processing priorities. (a) Generally loans are processed in... in effect at the time the facilities were originally constructed; (3) To finance the capital needs of...

Venture Capital--Entrepreneurship for Curriculum Change

ERIC Educational Resources Information Center

Deane, Edward

1976-01-01

Discusses the need to develop a psychological climate conducive to change in schools, the financing necessary for adequate system of research and development, and the limits research proposals should encompass to meet community needs. (RK)

13 CFR 307.8 - Definitions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... RLF. Sale means an EDA-approved sale by an RLF Recipient of its RLF loan portfolio (or a portion... financing technique of securing an investment of new capital with a stream of income generated by...

7 CFR 1710.115 - Final maturity.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Basic Policies § 1710.115 Final maturity. (a) RUS is authorized to make loans and loan guarantees with a... due, in part, to obsolescence. Operating loans to finance working capital required for the initial...

Collaboration in Research and Engineering for Advanced Technology.

DOE Office of Scientific and Technical Information (OSTI.GOV)

Vrieling, P. Douglas

SNL/CA proposes the Collaboration in Research and Engineering for Advanced Technology and Education (CREATE) facility to support customer-driven national security mission requirements while demonstrating a fiscally responsible approach to cost-control. SNL/CA realizes that due to the current backlog of capital projects in NNSA that following the normal Line Item process to procure capital funding is unlikely and therefore SNL/CA will be looking at all options including Alternative Financing.

East Europe Report: Economic and Industrial Affairs, No. 2416

DTIC Science & Technology

1983-06-28

that 5 percent of the interest on export credits is refunded and that credits are extended to entrepreneurs requiring a greater amount of capital. To pay...foreign customers. Thus the greater need for capital on the part of major entrepreneurs may in large part be financed through preferred credits-both...which reduce the effectiveness of management. In 1975, despite some increse in employment, the growth of non-agricultural generated income was equal to

JPRS Report, Science & Technology Europe.

DTIC Science & Technology

1988-07-01

up the order gap that is foreseeable for the next few years. An MBB manager believes himself already able to gauge the consequences if Daimler...connection with financing, one problem is that the major part of the capital expenditures—namely those for the drillings , which can total as much as 50...percent or more of the total costs—are capital expenditures that carry a geological risk. The costs for a single drilling that is to be developed

Sugar daddy. Most Americans know Medicare as the health insurance program for the elderly, but to providers, it's a jobs program, a capital financier and a safety net.

PubMed

Hallam, K; Gardner, J

1999-11-08

Most Americans know Medicare as the health insurance program that covers the elderly. But to providers it's much more that. The program pays for medical education, finances capital projects and subsidizes care for the indigent. Should Medicare continue making those add-on payments? Is that the program's mission? The debate is intensifying.

The association of debt financing with not-for-profit hospitals' operational and capital-investment efficiency.

PubMed

Magnus, Stephen A; Wheeler, John R C; Smith, Dean G

2004-01-01

Increased debt in companies can motivate both operational and capital-investment efficiency. This positive influence of debt is attributed to creditors' oversight of corporate behavior and the need to generate cash flows to service debt. Our study investigates whether debt has a similar relationship with efficiency in not-for-profit hospitals. Using statistical analysis of a database of audited financial statements of not-for-profit hospitals, we test whether debt is associated with six distinct measures of operational and capital-investment efficiency. We find that debt either has no association with efficiency or predicts decreased efficiency. Possible explanations are that creditors' oversight is less tight in the not-for-profit setting and that debt may at times motivate excessive capital investment because of a legal requirement to tie tax-exempt debt with a capital-investment project.

Financial sustainability versus access and quality in a challenged health system: an examination of the capitation policy debate in Ghana.

PubMed

Atuoye, Kilian Nasung; Vercillo, Siera; Antabe, Roger; Galaa, Sylvester Zackaria; Luginaah, Isaac

2016-11-01

Policy makers in low and middle-income countries are frequently confronted with challenges of increasing health access for poor populations in a sustainable manner. After several years of trying out different health financing mechanisms, health insurance has recently emerged as a pro-poor health financing policy. Capitation, a fixed fee periodically paid to health service providers for anticipated services, is one of the payment policies in health insurance. This article examines claims and counter-claims made by coalitions and individual stakeholders in a capitation payment policy debate within Ghana's National Health Insurance Scheme. Using content analysis of public and parliamentary proceedings, we situate the debate within policy making and health insurance literature. We found that the ongoing capitation payment debate stems from challenges in implementation of earlier health insurance claims payment systems, which reflect broader systemic challenges facing the health insurance scheme in Ghana. The study illustrates the extent to which various sub-systems in the policy debate advance arguments to legitimize their claims about the contested capitation payment system. In addition, we found that the health of poor communities, women and children are being used as surrogates for political and individual arguments in the policy debate. The article recommends a more holistic and participatory approach through persuasion and negotiation to join interests and core evidence together in the capitation policy making in Ghana and elsewhere with similar contexts. © The Author 2016. Published by Oxford University Press in association with The London School of Hygiene and Tropical Medicine. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.

Time in School: The Case of the Prudent Patron.

ERIC Educational Resources Information Center

Johnson, Thomas

1978-01-01

Explores the properties of a life cycle model of human capital accumulation under the assumptions that the individual cannot borrow to finance his schooling, but may receive an allowance while specializing. (Author/IRT)

Airport financing : smaller airports face future funding shortfalls

DOT National Transportation Integrated Search

1999-02-22

Testimony before Subcommittee on Aviation, Committee on Transportation and : Infrastructure, House of Represenatives on airport funding issues. Testimony : focused on 1) how much funding has been made available to small airports for : capital develop...

12 CFR 563.141 - What is a capital distribution?

Code of Federal Regulations, 2010 CFR

2010-01-01

... extension of credit to finance an affiliate's acquisition of your shares or interests; (c) Any direct or indirect payment of cash or other property to owners or affiliates made in connection with a corporate...

Utilities Cost Comparison Analysis between a Public Work Center and the Non-DoD Sector

DTIC Science & Technology

1992-12-01

construction, consider innovative financing and 14 management arrangements (e.g. cost-sharing, public-private venture, leasing). Integrate...and services by financing all incurred costs. 27 Cash is put back into the working capital fund when customers pay cash from their O&M,N funds for the...firms, and other significantly sized business firms. The actual participants of the study may or may not be included in this listing. Disneyland was

Developing Islamic Financial Products for Financing Solar Energy with a Special Reference to Qatar and Algeria

NASA Astrophysics Data System (ADS)

Tabet, Imene Nouar

Renewable energy has become an important part of the international energy mix. This thesis aims at developing Islamic financial schemes for financing photovoltaic solar energy roof-tops and solar farms. Being an evolving technology based sector with high capital expenditures imposed a challenge for this alternative source of energy to grow especially in countries where electricity costs are low and prices are heavily subsidised. The first two chapters provide a comprehensive overview of solar energy industry with the various policies and financing models that were developed and adopted in various countries. It is found that most of its growth was dependent on government support even in financing. Ijarah Sukuk were developed for financing roof-tops in Qatar, such that the house owners do not have to pay any amount and would get the solar panels at maturity where they would be entitled to their benefit. The cost would be borne by the investors who receive stable rental payments along with their capital throughout the financing period, while electric company would be provided with the electricity at a rate lower than its production cost, hence offering it subsidy savings; the lessee who lives in house would be provided with incentives in the form of electricity-pay break. Although the electricity sector in the country remains highly dependent on government support, the model, in its hypothetical example, provides investors with 8% Internal Rate of Return. On the other hand, Output-sharing Sukuk model is developed for financing solar farms in the context of Algeria, based on the known Islamic financial contract of Muzara'ah. The state-owned electric company contributes the land, the Sukuk holders own the panels, and the developer provides management of the farm. A hypothetical example is also given with calculation of cash flow and investors' Internal Rate of Return which comes to be 7.1029% per annum.

Banking for health: the role of financial sector actors in investing in global health

PubMed Central

Kickbusch, Ilona; Franz, Christian; Wells, Nadya

2018-01-01

The world faces multiple health financing challenges as the global health burden evolves. Countries have set an ambitious health policy agenda for the next 15 years with prioritisation of universal health coverage under the Sustainable Development Goals. The scale of investment needed for equitable access to health services means global health is one of the key economic opportunities for decades to come. New financing partnerships with the private sector are vital. The aim of this study is to unlock additional financing sources, acknowledging the imperative to link financial returns to the providers of capital, and create profitable, sustainable financing structures. This paper outlines the global health investment opportunity exploring intersections of financial and health sector interests, and the role investment in health can play in economic development. Considering increasing demand for impact investments, the paper explores responsible financing initiatives and expansion of the global movement for sustainable capital markets. Adding an explicit health component (H) to the Environmental, Social and Governance (ESG) investment criteria, creating the ESG+H initiative, could serve as catalyst for the inclusion of health criteria into mainstream financial actors’ business practices and investment objectives. The conclusion finds that health considerations directly impact profitability of the firm and therefore should be incorporated into financial analysis. Positive assessment of health impact, at a broad societal or environmental level, as well as for a firm’s employees can become a value enhancing competitive advantage. An ESG+H framework could incorporate this into mainstream financial decision-making and into scalable investment products. PMID:29736278

Banking for health: the role of financial sector actors in investing in global health.

PubMed

Krech, Rüdiger; Kickbusch, Ilona; Franz, Christian; Wells, Nadya

2018-01-01

The world faces multiple health financing challenges as the global health burden evolves. Countries have set an ambitious health policy agenda for the next 15 years with prioritisation of universal health coverage under the Sustainable Development Goals. The scale of investment needed for equitable access to health services means global health is one of the key economic opportunities for decades to come. New financing partnerships with the private sector are vital. The aim of this study is to unlock additional financing sources, acknowledging the imperative to link financial returns to the providers of capital, and create profitable, sustainable financing structures. This paper outlines the global health investment opportunity exploring intersections of financial and health sector interests, and the role investment in health can play in economic development. Considering increasing demand for impact investments, the paper explores responsible financing initiatives and expansion of the global movement for sustainable capital markets. Adding an explicit health component (H) to the Environmental, Social and Governance (ESG) investment criteria, creating the ESG+H initiative, could serve as catalyst for the inclusion of health criteria into mainstream financial actors' business practices and investment objectives. The conclusion finds that health considerations directly impact profitability of the firm and therefore should be incorporated into financial analysis. Positive assessment of health impact, at a broad societal or environmental level, as well as for a firm's employees can become a value enhancing competitive advantage. An ESG+H framework could incorporate this into mainstream financial decision-making and into scalable investment products.

Debt-maturity structures should match risk preferences.

PubMed

Gapenski, L C

1999-12-01

Key to any debt-maturity matching strategy is financing assets with the appropriate debt structure. Financial managers need to establish an optimal capital structure and then choose the best maturity-matching structure for their debt. Two maturity-matching strategies that are available to healthcare financial managers are the accounting approach and the finance approach. The accounting approach, which defines asset maturities as current or fixed, is a riskier financing strategy than the finance approach, which defines asset maturities as permanent or temporary. The added risk occurs because of the accounting approach's heavy reliance on short-term debt. The accounting approach offers the potential for lower costs at the expense of higher risk. Healthcare financial managers who believe the financing function should support the organization's operations without adding undue risk should use the finance approach to maturity matching. Asset maturities in those organizations then should be considered permanent or temporary rather than current or fixed, and the debt-maturity structure should reflect this.

[Project financing in public hospital trusts].

PubMed

Contarino, F; Grosso, G; Mistretta, A

2009-01-01

The growing debate in recent years over how to finance public works through private capital has progressively highlighted the role of project finance (PF) and publicprivate partnerships (PPP) in general. More and more European countries are turning to PF to finance their public infrastructure development. The UK, which pioneered the adoption of project finance in this field, has been followed by Italy, Spain, France, Portugal and Germany and more recently by Greece, Czech Republic and Poland. Beginning in the late 1990's, Italy has steadily amplified its use of PF and PPPs in key sectors such as healthcare as an alternative way of funding the modernisation of its health facilities and hospitals. The trend reveal an average annual growth of 10.9% since 2002 with peaks of varying intensity over the five year period. Project finance and PPPs represent an effective response to the country's infrastructure gap and support the competitiveness of local systems and the quality of public services. None of this will transpire, however without energetic new planning efforts and adequate policy at the centre.

An Empirical Assessment of Defense Contractor Risk 1976-1984.

DTIC Science & Technology

1986-06-01

Model to evaluate the. Department of Defense contract pricing , financing, and profit policies . ’ D*’ ’ *NTV D? 7A’:: TA E *A l ..... -:- A-i SN 0102...defense con- tractor risk-return relationship is performed utilizing four methods: mean-variance analysis of rate of return, the Capital Asset Pricing Model ...relationship is performed utilizing four methods: mean- variance analysis of rate of return, the Capital Asset Pricing Model , mean-variance analysis of total

Ripple effects of reform on capital financing.

PubMed

Arduino, Kelly

2014-05-01

Healthcare leaders should inventory and quantify the capital initiatives deemed critical for success under changing business models. Key considerations in planning such initiatives are opportunity costs and potential impact on productivity. Senior leaders also should create rolling five-year estimates of expenditures in addition to a one-year budget. Approaches to paying for such initiatives include borrowing from cash reserves, partnering to share cash and other resources, and developing new revenue sources derived from the initiatives themselves.

Developing Viable Financing Models for Space Tourism

NASA Astrophysics Data System (ADS)

Eilingsfeld, F.; Schaetzler, D.

2002-01-01

Increasing commercialization of space services and the impending release of government's control of space access promise to make space ventures more attractive. Still, many investors shy away from going into the space tourism market as long as they do not feel secure that their return expectations will be met. First and foremost, attracting investors from the capital markets requires qualifying financing models. Based on earlier research on the cost of capital for space tourism, this paper gives a brief run-through of commercial, technical and financial due diligence aspects. After that, a closer look is taken at different valuation techniques as well as alternative ways of streamlining financials. Experience from earlier ventures has shown that the high cost of capital represents a significant challenge. Thus, the sophistication and professionalism of business plans and financial models needs to be very high. Special emphasis is given to the optimization of the debt-to-equity ratio over time. The different roles of equity and debt over a venture's life cycle are explained. Based on the latter, guidelines for the design of an optimized loan structure are given. These are then applied to simulating the financial performance of a typical space tourism venture over time, including the calculation of Weighted Average Cost of Capital (WACC) and Net Present Value (NPV). Based on a concluding sensitivity analysis, the lessons learned are presented. If applied properly, these will help to make space tourism economically viable.

Working capital management in the process of financial support of investment and construction projects and of the construction material industry

NASA Astrophysics Data System (ADS)

Danilochkina, Nadezhda; Lukmanova, Inessa; Roshchina, Olga; Voytolovskiy, Nikolay

2018-03-01

The article presents the analysis of working capital in the process of financial support of high-rise construction investment projects. The factors influencing the choice of the working capital management model were analyzed, the reasons of the change in the requirement for the values of current assets in the process of construction of high-rise facilities were determined. The author has developed the scheme of interrelation between production, operational and financial activity cycles of enterprises implementing investment projects of unique buildings and structures and made a comparative description of their financing sources.

Liquidity, Technological Opportunities, and the Stage Distribution of Venture Capital Investments.

PubMed

Lahr, Henry; Mina, Andrea

2014-06-01

This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis years. While liquidity is the main driver of acquisition investments and, to some extent, of expansion financings, technological opportunities are overall the main driver of early and late stage venture capital investments. In contrast to the dotcom crash, the recent financial crisis negatively affected the relative likelihood of expansion investments, but not of early and late stage investments.

Liquidity, Technological Opportunities, and the Stage Distribution of Venture Capital Investments

PubMed Central

Lahr, Henry; Mina, Andrea

2014-01-01

This paper explores the determinants of the stage distribution of European venture capital investments from 1990 to 2011. Consistent with liquidity risk theory, we find that the likelihood of investing in earlier stages increases relative to all private equity investments during liquidity crisis years. While liquidity is the main driver of acquisition investments and, to some extent, of expansion financings, technological opportunities are overall the main driver of early and late stage venture capital investments. In contrast to the dotcom crash, the recent financial crisis negatively affected the relative likelihood of expansion investments, but not of early and late stage investments. PMID:26166906

Airport Improvement Program (AIP) : reauthorization issues for Congress

DOT National Transportation Integrated Search

2010-01-01

This report discusses the Airport Improvement Program and its complement, the PFC, within the broader context of airport capital development finance.5 After a brief history of federal support for airport construction and improvement, the report descr...

7 CFR 4290.2000 - Operational Assistance Grants to RBICs.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Regulatory Capital raised by the RBIC at the time of licensing or $1,000,000. (d) Term. Operational... Smaller Enterprises to which it either has made, or expects to make, a Financing. (c) Amount of grant...

The self-pay personal assistance market: make it your business.

PubMed

Caro, F G; Trier, K; Brungo, D

2001-10-01

To be successful in reaching the self-pay market, providers must take a variety of steps, including expanding their service capability, developing an effective marketing strategy, and raising capital to finance service expansion costs.

Lessons in Commercial PACE Leadership: The Path from Legislation to Launch

DOE Office of Scientific and Technical Information (OSTI.GOV)

Leventis, G; Schwartz, LC; Kramer, C

Nonresidential buildings are responsible for over a quarter of primary energy consumption in the United States. Efficiency improvements in these buildings could result in significant energy and utility bill savings. To unlock those potential savings, a number of market barriers to energy efficiency must be addressed. Commercial Property Assessed Clean Energy (C-PACE) financing programs can help overcome several of these barriers with minimal investment from state and local governments. With programs established or under development in 22 states, and at least $521 million in investments so far, other state and local governments are interested in bringing the benefits of C-PACEmore » to their jurisdictions. Lessons in Commercial PACE Leadership: The Path from Legislation to Launch, aims to fast track the set-up of C-PACE programs for state and local governments by capturing the lessons learned from leaders. The report examines the list of potential program design options and important decision points in setting up a C-PACE program, tradeoffs for available options, and experiences of stakeholders that have gone through (or are going through) the process. C-PACE uses a voluntary special property assessment to facilitate energy and other improvements in commercial buildings. For example: - Long financing terms under C-PACE can produce cash flow-positive -- projects to help overcome a focus on short paybacks. - Payment obligations can transfer to subsequent owners, mitigating concern about investing in improvements for a building that may be sold before the return on the investment is fully realized. - 100% of both hard and soft costs can be financed. To capture the benefits of C-PACE financing, state and local governments must navigate numerous decision points and engage with stakeholders to set-up or join a program. Researchers interviewed experts (including state and local sponsors, program administrators, capital providers and industry experts) on their lessons learned and arrived at the following key takeaways for state and local leaders: Enabling legislation: Carefully developed enabling legislation (which includes certain key provisions) and early stakeholder input can greatly improve the chances of program success. Options for program administrative structure: At least four program administrative structures are in use; certain administrative structures inherently result in more standardized product offerings and, potentially, economies of scale. Approaches to program and project capitalization: Two approaches to capitalization have been used. Bonding (project capital is raised through a bond sale) and direct funding (capital providers fund projects directly); programs can rely on one capital provider (a closed market) or allow multiple capital providers to participate (an open market). What and who qualifies for the program: Some programs require a minimum project savings-to-investment ratio; other programs encourage it or are indifferent. Estimating and documenting project energy cost saving: Estimating and documenting energy and cost savings can add costs to projects but also demonstrate C-PACE program value. Stakeholder engagement: Key stakeholder groups to engage include community leaders, local governments, building owners, contractors, utilities, capital providers and mortgage holders; stakeholder engagement should be tailored to each particular group. Start-up and ongoing costs: Understanding set-up and ongoing costs can help program sponsors plan for funding C-PACE programs and projects. The U.S. Department of Energy's Office of Weatherization and Intergovernmental Programs funded the report.« less

The physician as a source of hospital capital.

PubMed

Fried, J M

1984-06-01

As hospitals search for means of financing renovation during the next decade, physicians will represent a source of capital through tax-shelter financing. Limited partnerships, condominiums , and joint ventures in acquiring medical equipment or syndicating existing facilities are among the most promising investment vehicles for taking advantage of tax benefits that normally do not apply to nonprofit institutions. In a hospital-physician limited partnership, tax deductions are passed through to the partners, of which there are two kinds: general partners and limited partners. Income (or loss) and tax credits from the entire venture can be divided among the partners and reflected on an individual limited partner's tax return. Rather than shouldering the whole cost of renovating a medical office building, thereby losing the potential tax credit, a hospital could carry out the renovation through a limited partnership with physicians. This would reduce the hospital's capital costs and debt requirements, maintain its credit, and enable it to take advantage of the depreciation deduction. In a condominium venture, the individual physician actually owns the office within which he or she works. As with the limited partnership, the hospital will want to restrict physicians' ability to dispose of their ownership interests.(ABSTRACT TRUNCATED AT 250 WORDS)

Essentials of finance for occupational physicians.

PubMed

Miller, K; Fallon, L F

2001-01-01

Comprehending the principles of finance is paramount to understanding the way an organization chooses to generate and use its financial resources. Financial principles may be employed in the same way a physician reviews fundamental systems to gauge a person s health. Just as basic anatomical and physiological components are used to assess the health of an individual, basic financial elements exist to ascertain the health of an organization. This chapter explains risk assessment, accounts receivable management, inventory, depreciation, capital formation, ratio analysis, and more.

Financing the Air Transportation Industry

NASA Technical Reports Server (NTRS)

Lloyd-Jones, D. J.

1972-01-01

The basic characteristics of the air transportation industry are outlined and it is shown how they affect financing requirements and patterns of production. The choice of financial timing is imperative in order to get the best interest rates available and to insure a fair return to investors. The fact that the industry cannot store its products has a fairly major effect on the amount of equipment to purchase, the amount of capital investment required, and the amount of return required to offset industry depriciation.

Innovations in healthcare finance lessons from the 401(k) model.

PubMed

Myers, Chris; Lineen, Jason

2008-10-01

*Escalating health benefit expenses are leading employers to shift more of the costs to their employees. *Global financial services companies and startup entrepreneurs are competing to develop private-sector solutions to capitalize on the ailing and mis-aligned healthcare financing system. *Emerging innovations are targeting insured individuals who are facing increasing responsibility for first-dollar coverage. *Healthcare providers should view patients as individual "price-sensitive payers" as new tools enable them to shop around for services based on cost and quality.

A Real Options Approach to Valuing the Risk Transfer in a Multi-Year Procurement Contract

DTIC Science & Technology

2009-10-01

asset follows a Brownian motion process where the returns have a lognormal distribution. H. BLACK-SCHOLES MODEL The value of the put option p on...risk in a firm-fixed-price contract. The government also provides interest-free financing that can greatly reduce the amount of capital a contractor...structured finance and credit default swap applications. 8 E. OPTIONS THEORY We will use closed form BS-type option pricing methods to estimate the

Defense Department Profit and Contract Finance Policies and Their Effects on Contract and Contractor Performance

DTIC Science & Technology

2009-02-01

cost of capital ( WACC ). WACC is the cost of debt plus the cost of equity both weighted by the market values debt and equity, respectively. The cost...Beta WACC Technical Risk CPFF/CPAF …. FFP/ MYP - Contract Choice (FAR 16.1) Margin – (p = f(NBV, n, α, risk)) Payments (α) FCOM ( = f(NBV, Treasury...projections, layers on the profit and contract financing policy, estimates the levered WACC as the discount rate, and finally calculates the NPV of the

Leveraged Leasing in the Federal Sector.

DTIC Science & Technology

1983-12-01

adjustments, is 90% or more of the fair value of the leased property. [Ref. 81 Capital type leases are classified as direct financing or sales type leases on...sales-type a profit or loss would occur [Ref. 7]. In a sales-type lease the fair value of the leased property at the inception of the lease differs...from the cost or carrying amount; in a direct financing lease, the fair value of the leased 28 property at the inception of the lease is the cost or

The Effect of Capital Structure on the Profitability of Pharmaceutical Companies The Case of Iran

PubMed Central

Mohammadzadeh, Mehdi; Rahimi, Farimah; Rahimi, Forough; Aarabi, Seyed Mohammad; Salamzadeh, Jamshid

2013-01-01

Funding combination is the most important issue for the companies while they know the amount of required capital. Companies should be careful regarding the appliance of financial providing methods compatible with the investment strategy of company and profitability. This study seeks to examine the relationship between the capital structure and the profitability of pharmaceutical companies in Iran. For this purpose, top 30 Iranian pharmaceutical companies defined as study samples and their financial data were gathered for the period of 2001-2010. In this study, the net margin profit and debts to asset ratio were used as indicators of profitability and capital structure, respectively and sales growth was used as a control variable. Results showed that there was significant negative relationship between the profitability and the capital structure which means that the pharmaceutical companies have established a Pecking Order Theory and the internal financing has led to more profitability. PMID:24250664

The effect of capital structure on the profitability of pharmaceutical companies the case of iran.

PubMed

Mohammadzadeh, Mehdi; Rahimi, Farimah; Rahimi, Forough; Aarabi, Seyed Mohammad; Salamzadeh, Jamshid

2013-01-01

Funding combination is the most important issue for the companies while they know the amount of required capital. Companies should be careful regarding the appliance of financial providing methods compatible with the investment strategy of company and profitability. This study seeks to examine the relationship between the capital structure and the profitability of pharmaceutical companies in Iran. For this purpose, top 30 Iranian pharmaceutical companies defined as study samples and their financial data were gathered for the period of 2001-2010. In this study, the net margin profit and debts to asset ratio were used as indicators of profitability and capital structure, respectively and sales growth was used as a control variable. Results showed that there was significant negative relationship between the profitability and the capital structure which means that the pharmaceutical companies have established a Pecking Order Theory and the internal financing has led to more profitability.

12 CFR 1807.101 - Summary.

Code of Federal Regulations, 2011 CFR

2011-01-01

... Banking COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY CAPITAL MAGNET FUND..., Preservation, Rehabilitation or Purchase of Affordable Housing primarily for Low-Income Families; and (2) Financing Economic Development Activities or Community Service Facilities. (b) The CDFI Fund will select...

Beyond the Reagan tax proposal: hospital capital management strategies.

PubMed

Harris, J P

1985-11-01

If Reagan's tax proposal is implemented, low-cost tax-exempt revenue bonds, advance refunding, and the investment tax credit would be eliminated. Such possibilities could cause a serious blow to the hospital industry--the cost of capital could rise significantly, the hospital's ability to manage debt could decrease, and joint ventures could become less attractive. However, in light of the known elements in Reagan's proposal, certain financing strategies can be adopted immediately that will help offset these possibilities and help ensure long-term survival.

Hospital safeguards capital program through private sector partnership.

PubMed

Thomas, J; Lungo, A; Bobrow, M

1984-02-01

As access to capital tightens, more hospitals are exploring the benefits of partnerships with private companies. A California hospital, burdened by the long-term debt it incurred for a medical office building, worked together with its medical staff and an outside real estate developer. By selling the building to the developer, not only was the hospital able to finance a much-needed expansion and reconstruction project, but the hospital's medical staff had an opportunity to become limited partners in the ownership of the building.

Organization and financing of the Danish health care system.

PubMed

Christiansen, Terkel

2002-02-01

The present paper aims at giving a short overview of the organization and financing of the Danish health care system as of 1997-1998 when the SWOT panel evaluated the system. The overview follows the triangular model of a health care system. The Danish system is characterized by being decentralized and single-funded. The hospital sector is public, and hospitals are financed and run by the counties (with only a very small private hospital sector alongside). General practitioners are private entrepreneurs but work under contract for the counties. Hospitals are financed by global budgets, while general practitioners are paid by a mixed remuneration system of capitation fees and fee-for-service. During the past 20 years, the government has repeatedly imposed budget ceilings on the counties which has limited growth in the health care sector.

Mobile dental units: leasing or buying? A dollar-cost analysis.

PubMed

Arevalo, Oscar; Saman, Daniel M; Bonaime, Alice; Skelton, Judy

2010-01-01

The decision to acquire a mobile dental unit is based on a standard capital budgeting analysis. The next step is to determine whether to obtain the use of the mobile dental unit by borrowing and purchasing or by leasing. As a financing mechanism, leases are simply another way of borrowing money to pay for the asset. To compare lease vs. debt as financial vehicles to acquiring a mobile dental unit. An estimate for a new mobile unit was obtained. Lease and loan proposals from financial lenders were collected. A cost of capital rate was chosen for comparison. Cash flows associated with borrowing and leasing vs. buying were determined fortwo different scenarios: for profit (FP) vs. not-for-profit (NFP), at 5 years. A dollar-cost analysis was utilized to determine the option with the lowest capitalized value. There was a net advantage to buying vs. leasing for both for FP and NFP organizations. Due to tax advantages, owning and leasing were substantially less expensive for FP than for NFP. Slight decreases in the monthly lease payments would make leasing competitive to the buying approach. Exploring alternative financing vehicles may allow dental programs to expand their services through the acquisition of a mobile unit. Though programs generally own assets, it is the use of the asset which is important rather than the ownership. Dental programs can find leasing an attractive alternative by offering access to capital with cash-flow advantages.

Sovereign cat bonds and infrastructure project financing.

PubMed

Croson, David; Richter, Andreas

2003-06-01

We examine the opportunities for using catastrophe-linked securities (or equivalent forms of nondebt contingent capital) to reduce the total costs of funding infrastructure projects in emerging economies. Our objective is to elaborate on methods to reduce the necessity for unanticipated (emergency) project funding immediately after a natural disaster. We also place the existing explanations of sovereign-level contingent capital into a catastrophic risk management framework. In doing so, we address the following questions. (1) Why might catastrophe-linked securities be useful to a sovereign nation, over and above their usefulness for insurers and reinsurers? (2) Why are such financial instruments ideally suited for protecting infrastructure projects in emerging economies, under third-party sponsorship, from low-probability, high-consequence events that occur as a result of natural disasters? (3) How can the willingness to pay of a sovereign government in an emerging economy (or its external project sponsor), who values timely completion of infrastructure projects, for such instruments be calculated? To supplement our treatment of these questions, we use a multilayer spreadsheet-based model (in Microsoft Excel format) to calculate the overall cost reductions possible through the judicious use of catastrophe-based financial tools. We also report on numerical comparative statics on the value of contingent-capital financing to avoid project disruption based on varying costs of capital, probability and consequences of disasters, the feasibility of strategies for mid-stage project abandonment, and the timing of capital commitments to the infrastructure investment. We use these results to identify high-priority applications of catastrophe-linked securities so that maximal protection can be realized if the total number of catastrophe instruments is initially limited. The article concludes with potential extensions to our model and opportunities for future research.

12 CFR 1229.1 - Definitions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Definitions. 1229.1 Section 1229.1 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE...; (viii) Strategic Planning officer or an equivalent employee; (ix) Internal Audit officer or an...

Child Health and NGOs in Peruvian Provinces

ERIC Educational Resources Information Center

Young, Frank W.; Merschrod, Kris

2010-01-01

Non-governmental organizations (NGOs) are widely accepted in developing countries as a crucial organizational asset. They combine entrepreneurship, provision of quasi-government services and donor financing, but their conceptual status is unclear. Are they the organizational embodiments of social capital, generating cohesion and superior…

12 CFR 900.2 - Terms relating to Bank operations, mission and supervision.

Code of Federal Regulations, 2010 CFR

2010-01-01

... of the regulation refers to the capital plan prior to its approval by the Finance Board. CIP means...), offered under section 10(j) of the Act (12 U.S.C. 1430(j)); a Bank's Community Investment Program (CIP...

12 CFR 900.2 - Terms relating to Bank operations, mission and supervision.

Code of Federal Regulations, 2013 CFR

2013-01-01

... of the regulation refers to the capital plan prior to its approval by the Finance Board. CIP means...), offered under section 10(j) of the Act (12 U.S.C. 1430(j)); a Bank's Community Investment Program (CIP...

12 CFR 900.2 - Terms relating to Bank operations, mission and supervision.

Code of Federal Regulations, 2011 CFR

2011-01-01

... of the regulation refers to the capital plan prior to its approval by the Finance Board. CIP means...), offered under section 10(j) of the Act (12 U.S.C. 1430(j)); a Bank's Community Investment Program (CIP...

12 CFR 900.2 - Terms relating to Bank operations, mission and supervision.

Code of Federal Regulations, 2014 CFR

2014-01-01

... of the regulation refers to the capital plan prior to its approval by the Finance Board. CIP means...), offered under section 10(j) of the Act (12 U.S.C. 1430(j)); a Bank's Community Investment Program (CIP...

12 CFR 900.2 - Terms relating to Bank operations, mission and supervision.

Code of Federal Regulations, 2012 CFR

2012-01-01

... of the regulation refers to the capital plan prior to its approval by the Finance Board. CIP means...), offered under section 10(j) of the Act (12 U.S.C. 1430(j)); a Bank's Community Investment Program (CIP...

Financial ratios: clues to the big picture of a hospital's fiscal health.

PubMed

Taylor, R B

1990-03-01

With trustees, investors, regulatory agencies, and others paying close attention to hospital finances, healthcare financial managers must detect problems before they grow out of control. Liquidity, capital structure, activity, and profitability ratios can provide pieces to the puzzle.

A proposal for risk sharing in the development of a lunar oxygen plant

NASA Technical Reports Server (NTRS)

Duke, Michael B.; Treadwell, Mead

1990-01-01

The production of lunar oxygen for use in a NASA lunar outpost program could provide a profitable investment for nongovernment development, savings for government, and an initiation of a new resource of capital financing for space industrialization. A joint endeavor to share development risks between government and nongovernment investment is proposed, based on some early assessments of technical and financial feasibility for the project. Successful initial negotiations between government and nongovernment investors can establish the requirements for financing the project with private funds.

Energy storage financing :

DOE Office of Scientific and Technical Information (OSTI.GOV)

Baxter, Richard

Project financing is emerging as the linchpin for the future health, direction, and momentum of the energy storage industry. Market leaders have so far relied on selffunding or captive lending arrangements to fund projects. New lenders are proceeding hesitantly as they lack a full understanding of the technology, business, and credit risks involved in this rapidly changing market. The U.S. Department of Energy is poised to play a critical role in expanding access to capital by reducing the barriers to entry for new lenders, and providing trusted analytical benchmarks to better judge and price the risk in systematic ways.

Foreign direct investments and their impact on the economic development of Bosnia and Herzegovina

NASA Astrophysics Data System (ADS)

Susic, I.; Stojanovic-Trivanovic, M.; Susic, M.

2017-05-01

From the perspective of macroeconomic indicators, investment is a significant determinant of economic development in general, as well as the development indicator of economic entities in the micro segment. Investments are an essential element of any economic policy, because their implementation provides a platform not only for economic development, but also are prerequisite for the stability of economic and social trends. Foreign direct investment plays an important role in the financing of the global economy, and it represents the most frequent feature in financing the national economies of developing countries and countries in transition. Demand for foreign investment in the global market is large, and thus the governments have been conducting many activities in order to create a more favorable environment to attract investors. In this paper, special attention was paid to direct investments in financing the economy on a global scale, their importance for the development of the global economy and the impact of foreign direct investment in the economic development of Bosnia and Herzegovina. The major activities, which are necessary to be done to attract investments in the highest possible volume, have been emphasized. With the use of statistical and quantitative analysis, the paper shows that the inflow of foreign capital is one of the basic prerequisite of economic growth acceleration and that the inflow of foreign capital has a positive impact on the economic development of Bosnia and Herzegovina. By monitoring and analyzing the various instruments of foreign capital inflow, with an emphasis on investment in the free zone and a joint venture with foreign investors, it has been clearly pointed out the fact that they have diverse, but proven positive impact on macroeconomic variables in the economy of Bosnia and Herzegovina.

Using Revolving Loan Funds to Finance Energy Savings Performance Contracts in State and Local Agency Applications

DOE Office of Scientific and Technical Information (OSTI.GOV)

Booth, S.; Doris, E.; Knutson, D.

2011-05-01

Numerous pre-existing and newly emerging state- and locally-managed revolving loan funds (RLFs) are being used in conjunction with energy savings performance contracts (ESPCs) as an option for financing of energy efficiency projects. This document presents an overview of ESPCs and how they fit within the RLF framework. There are a variety of options available to state and local governments to catalyze the disbursement of available capital from RLFs and increase the number of ESPC projects within their jurisdictions. To demonstrate the implementation of this type of financing program in action, this report concludes with four program case studies of state-sponsoredmore » RLFs where ESPCs are an allowed use of funds.« less

Converting existing real estate assets to cash through off-balance sheet financing.

PubMed

Cella, M D

1994-01-01

Hospitals are realizing that they can tap hidden equity tied up in their medical office buildings and other ancillary facilities and use the capital to grow their core health care business, retool patient rooms, purchase equipment, technology, and physician practices, or simply pay down debt. Through selling their ancillary real estate assets, they can generate much-needed capital liquidity, yet still retain the control they need through restrictive covenants on uses and tenancies, repurchase options, rights of first refusal, and master leasing with creative options to expand or contract.

A primer on EVA for health care providers.

PubMed

Grant, James L

2007-01-01

Unlike accounting earnings, economic profit (EVA) is a measure of a company's true earnings because it fully "accounts" for the costs of all forms of financing, including debt and equity. In the EVA view, a company is not truly profitable unless it earns a return on capital that bests the opportunity cost of capital. That being said, the question addressed here is how to measure the economic profit of providers in the health care sector, which is largely comprised of not-for-profit organizations such as clinics, laboratories, and hospitals.

The High Cost of Saving Energy Dollars.

ERIC Educational Resources Information Center

Rose, Patricia

1985-01-01

In alternative financing a private company provides the capital and expertise for improving school energy efficiency. Savings are split between the school system and the company. Options for municipal leasing, cost sharing, and shared savings are explained along with financial, procedural, and legal considerations. (MLF)

49 CFR 633.19 - Financing the PMO program.

Code of Federal Regulations, 2010 CFR

2010-10-01

..., DEPARTMENT OF TRANSPORTATION PROJECT MANAGEMENT OVERSIGHT Project Management Oversight Services § 633.19... or entity to provide a project management oversight service in connection with a major capital... project management oversight services under this part will provide for the payment by FTA of 100 percent...

Bursting at the Seams: Financing and Planning for Rising Enrollments.

ERIC Educational Resources Information Center

McCord, Michael

1997-01-01

Using existing and new facilities more efficiently could accommodate increased student enrollment while producing significant savings in capital and operating costs. Ontario's Ministry of Education has identified 10 ways to increase facilities utilization, including innovative scheduling, year- round schooling, varied attendance plans, offsite…

An International Capital Budgeting Experiential Exercise

ERIC Educational Resources Information Center

Manuel, Tim; Tangedahl, Lee

2009-01-01

This article describes an experiential exercise that uses a brief simulation model intended to introduce undergraduate international finance students to the complexities in corporate investments in foreign countries. Use of the model requires one or preferably two class periods. Student learning goals include: (a) understanding how different…

Arizona Takes on School Construction and Renovation

ERIC Educational Resources Information Center

Geiger, Philip E.

2001-01-01

Spurred by a state superior court deadline for developing a constitutional school capital finance system, Arizona Governor Jane Hull signed legislation (Students FIRST) that dramatically reformed school construction. This legislation created a School Facilities Board and established three funds for improving school conditions and meeting building…

Avoiding the Energy Crunch.

ERIC Educational Resources Information Center

Rowland, Dave

2001-01-01

Explores strategies for upgrading facility energy equipment that can cut energy costs and help substantially cover the costs of capital asset improvements. Discusses use of performance contracts to help schools leverage their operating budgets. Highlights how energy savings helped one school district finance $9.4 million in retrofits. (GR)

40 CFR 35.419 - Purpose.

Code of Federal Regulations, 2010 CFR

2010-07-01

... enhance the response program of the State; capitalize a revolving loan fund for Brownfield remediation under section 104(k)(3) of CERCLA; or purchase insurance or develop a risk sharing pool, an indemnity pool, or insurance mechanism to provide financing for response actions under a State response program. ...

49 CFR 633.19 - Financing the PMO program.

Code of Federal Regulations, 2014 CFR

2014-10-01

..., DEPARTMENT OF TRANSPORTATION PROJECT MANAGEMENT OVERSIGHT Project Management Oversight Services § 633.19... or entity to provide a project management oversight service in connection with a major capital... project management oversight services under this part will provide for the payment by FTA of 100 percent...

49 CFR 633.19 - Financing the PMO program.

Code of Federal Regulations, 2013 CFR

2013-10-01

..., DEPARTMENT OF TRANSPORTATION PROJECT MANAGEMENT OVERSIGHT Project Management Oversight Services § 633.19... or entity to provide a project management oversight service in connection with a major capital... project management oversight services under this part will provide for the payment by FTA of 100 percent...

49 CFR 633.19 - Financing the PMO program.

Code of Federal Regulations, 2011 CFR

2011-10-01

..., DEPARTMENT OF TRANSPORTATION PROJECT MANAGEMENT OVERSIGHT Project Management Oversight Services § 633.19... or entity to provide a project management oversight service in connection with a major capital... project management oversight services under this part will provide for the payment by FTA of 100 percent...

49 CFR 633.19 - Financing the PMO program.

Code of Federal Regulations, 2012 CFR

2012-10-01

..., DEPARTMENT OF TRANSPORTATION PROJECT MANAGEMENT OVERSIGHT Project Management Oversight Services § 633.19... or entity to provide a project management oversight service in connection with a major capital... project management oversight services under this part will provide for the payment by FTA of 100 percent...

Bond Issues.

ERIC Educational Resources Information Center

Pollack, Rachel H.

2000-01-01

Notes trends toward increased borrowing by colleges and universities and offers guidelines for institutions that are considering issuing bonds to raise money for capital projects. Discussion covers advantages of using bond financing, how use of bonds impacts on traditional fund raising, other cautions and concerns, and some troubling aspects of…

Administrative Rules of the Illinois Community College Board.

ERIC Educational Resources Information Center

Illinois Community Coll. Board, Springfield.

This document is a collection of administrative rules of the Illinois Community College Board (ICCB). It is divided into seven subparts: Illinois Community College Board Administration; Local District Administration; Programs; Students; Finance; Capital Projects; and Personnel. Highlights are as follows: Independent organizations may be considered…

Facility Accounting: Hammering Out a Capital Replacement Budget.

ERIC Educational Resources Information Center

Readinger, Jay

1996-01-01

Most facility and finance managers cannot adequately handle school infrastructure issues because they lack the tools to describe the problem appropriately. Facility accounting gives managers accurate deferral and projected replacement costs, using nationally recognized life-cycle and cost data. Facility accounting enables proper management of…

47 CFR 65.300 - Calculations of the components and weights of the cost of capital.

Code of Federal Regulations, 2011 CFR

2011-10-01

... indexed revenue threshold as defined in § 32.9000. The calculations shall be based on data reported to the... treated as “zero cost” sources of financing in section 450 and subpart G of this part 65. Specifically...

47 CFR 65.300 - Calculations of the components and weights of the cost of capital.

Code of Federal Regulations, 2010 CFR

2010-10-01

... indexed revenue threshold as defined in § 32.9000. The calculations shall be based on data reported to the... treated as “zero cost” sources of financing in section 450 and subpart G of this part 65. Specifically...

Cost of Equity Estimation in Fuel and Energy Sector Companies Based on CAPM

NASA Astrophysics Data System (ADS)

Kozieł, Diana; Pawłowski, Stanisław; Kustra, Arkadiusz

2018-03-01

The article presents cost of equity estimation of capital groups from the fuel and energy sector, listed at the Warsaw Stock Exchange, based on the Capital Asset Pricing Model (CAPM). The objective of the article was to perform a valuation of equity with the application of CAPM, based on actual financial data and stock exchange data and to carry out a sensitivity analysis of such cost, depending on the financing structure of the entity. The objective of the article formulated in this manner has determined its' structure. It focuses on presentation of substantive analyses related to the core of equity and methods of estimating its' costs, with special attention given to the CAPM. In the practical section, estimation of cost was performed according to the CAPM methodology, based on the example of leading fuel and energy companies, such as Tauron GE and PGE. Simultaneously, sensitivity analysis of such cost was performed depending on the structure of financing the company's operation.

The Opportunity Cost of Capital

PubMed Central

Chit, Ayman; Chit, Ahmad; Papadimitropoulos, Manny; Krahn, Murray; Parker, Jayson; Grootendorst, Paul

2015-01-01

The opportunity cost of the capital invested in pharmaceutical research and development (R&D) to bring a new drug to market makes up as much as half the total cost. However, the literature on the cost of pharmaceutical R&D is mixed on how, exactly, one should calculate this “hidden” cost. Some authors attempt to adopt models from the field of finance, whereas other prominent authors dismiss this practice as biased, arguing that it artificially inflates the R&D cost to justify higher prices for pharmaceuticals. In this article, we examine the arguments made by both sides of the debate and then explain the cost of capital concept and describe in detail how this value is calculated. Given the significant contribution of the cost of capital to the overall cost of new drug R&D, a clear understanding of the concept is critical for policy makers, investors, and those involved directly in the R&D. PMID:25933615

Role of Livelihood Capital in Reducing Climatic Vulnerability: Insights of Australian Wheat from 1990-2010.

PubMed

Huai, Jianjun

2016-01-01

In many agricultural countries, development of rural livelihood through increasing capital is a major regional policy to adapt to climate change. However, the role of livelihood capital in reducing climatic vulnerability is uncertain. This study assesses vulnerability and identifies the effects of common capital indicators on it, using Australian wheat as an example. We calculate exposure (a climate index) and sensitivity (a wheat failure index) to measure vulnerability and classify the resilient and sensitive cases, and express adaptive capacity through financial, human, natural, physical, and social capital indicators for 12 regions in the Australian wheat-sheep production zone from 1991-2010. We identify relationships between 12 indicators of five types of capital and vulnerability with t-tests and six logistic models considering the capital indicator itself, its first-order lag and its square as dependent variables to test the hypothesis that a high level of each capital metric results in low vulnerability. Through differing adaptive capacities between resilient and sensitive groups, we found that only four of the 12 (e.g., the access to finance, cash income level, total crop gross revenues, and family share of farm income) relate to vulnerability, which challenges the hypothesis that increasing capital reduces vulnerability. We conclude that further empirical reexaminations are required to test the relationships between capital measures and vulnerability under the sustainable livelihood framework (SLF).

Role of Livelihood Capital in Reducing Climatic Vulnerability: Insights of Australian Wheat from 1990–2010

PubMed Central

Huai, Jianjun

2016-01-01

In many agricultural countries, development of rural livelihood through increasing capital is a major regional policy to adapt to climate change. However, the role of livelihood capital in reducing climatic vulnerability is uncertain. This study assesses vulnerability and identifies the effects of common capital indicators on it, using Australian wheat as an example. We calculate exposure (a climate index) and sensitivity (a wheat failure index) to measure vulnerability and classify the resilient and sensitive cases, and express adaptive capacity through financial, human, natural, physical, and social capital indicators for 12 regions in the Australian wheat–sheep production zone from 1991–2010. We identify relationships between 12 indicators of five types of capital and vulnerability with t-tests and six logistic models considering the capital indicator itself, its first-order lag and its square as dependent variables to test the hypothesis that a high level of each capital metric results in low vulnerability. Through differing adaptive capacities between resilient and sensitive groups, we found that only four of the 12 (e.g., the access to finance, cash income level, total crop gross revenues, and family share of farm income) relate to vulnerability, which challenges the hypothesis that increasing capital reduces vulnerability. We conclude that further empirical reexaminations are required to test the relationships between capital measures and vulnerability under the sustainable livelihood framework (SLF). PMID:27022910

24 CFR 266.505 - Regulatory agreement requirements.

Code of Federal Regulations, 2010 CFR

2010-04-01

... AUTHORITIES HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS Project Management and Servicing § 266.505 Regulatory agreement requirements. (a) General. (1) The HFA... capital needs. (3) Maintain the project as affordable housing, as defined in § 266.5. (4) Continue to use...

13 CFR 108.740 - Portfolio diversification (“overline” limitation).

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Portfolio diversification (âoverlineâ limitation). 108.740 Section 108.740 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies...

Sources of Financing for Community Colleges.

ERIC Educational Resources Information Center

Graham, Steve; Anderson, Duane

1985-01-01

Reports on a nationwide survey of community college funding sources to determine the level of overall college budgets, the percentages of funds received from various sources for operating and capital expenses, the funding role of college foundations, administrator responsibilities, and fund-raising methods used by two-year colleges. (DMM)

76 FR 11668 - Minimum Capital

Federal Register 2010, 2011, 2012, 2013, 2014

2011-03-03

... Finance Agency The Housing and Economic Recovery Act of 2008 (HERA), Public Law 110-289, 122 Stat. 2654...) ensure profitability in their new books of business without deterring market participation or hindering market recovery; and (c) minimize losses on the mortgages already on their books. D. The Proposed Rule On...

40 CFR 35.736 - Purpose.

Code of Federal Regulations, 2010 CFR

2010-07-01

... establish or enhance the response program of the Tribe; capitalize a revolving loan fund for brownfield remediation under section 104(k)(3) of CERCLA; or purchase insurance or develop a risk sharing pool, an indemnity pool, or insurance mechanism to provide financing for response actions under a Tribal response...

24 CFR 266.505 - Regulatory agreement requirements.

Code of Federal Regulations, 2011 CFR

2011-04-01

... AUTHORITIES HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS Project Management and Servicing § 266.505 Regulatory agreement requirements. (a) General. (1) The HFA... capital needs. (3) Maintain the project as affordable housing, as defined in § 266.5. (4) Continue to use...

24 CFR 266.505 - Regulatory agreement requirements.

Code of Federal Regulations, 2014 CFR

2014-04-01

... AUTHORITIES HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS Project Management and Servicing § 266.505 Regulatory agreement requirements. (a) General. (1) The HFA... capital needs. (3) Maintain the project as affordable housing, as defined in § 266.5. (4) Continue to use...

24 CFR 266.505 - Regulatory agreement requirements.

Code of Federal Regulations, 2013 CFR

2013-04-01

... AUTHORITIES HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS Project Management and Servicing § 266.505 Regulatory agreement requirements. (a) General. (1) The HFA... capital needs. (3) Maintain the project as affordable housing, as defined in § 266.5. (4) Continue to use...

24 CFR 266.505 - Regulatory agreement requirements.

Code of Federal Regulations, 2012 CFR

2012-04-01

... AUTHORITIES HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS Project Management and Servicing § 266.505 Regulatory agreement requirements. (a) General. (1) The HFA... capital needs. (3) Maintain the project as affordable housing, as defined in § 266.5. (4) Continue to use...

Capital: beyond the tried and true.

PubMed

Carpenter, Dave

2005-06-01

The old standbys remain by far the financing vehicles of choice for hospitals. But other, less traditional methods are gaining a foothold as not-for-profit hospitals look elsewhere--usually the corporate world--for successful precedents that can help fund big projects without leaving a bad financial aftertaste.

12 CFR 917.1 - Definitions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Banking FEDERAL HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS AND RESPONSIBILITIES OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.1 Definitions. As used in this part... its operational requirements when its access to the capital markets is impeded, and includes: (1...

Private management and public finance in the Italian water industry: A marriage of convenience?

NASA Astrophysics Data System (ADS)

Massarutto, Antonio; Paccagnan, Vania; Linares, Elisabetta

2008-12-01

In many countries, reforms of water and sanitation utilities have favored private sector participation. The drivers of this trend are the need to improve efficiency, professional capabilities of service operations, and willingness to relieve public budgets of the heavy burden of investment. Scant attention has been devoted to the great impact this strategy can have on water bills because of the higher cost of capital that is implicit, given the economic risk that the private sector is required to accept. Since it is a capital-intensive industry with a long economic life of its assets, the water industry is particularly vulnerable to the cost of capital. This creates the case for publicly-supported financial schemes in order to keep this cost as low as possible and guarantee long-run viability as well as affordability. The Italian water industry is an excellent case study to investigate the importance of this situation: in the last 15 years, a far-reaching reform has been introduced with the aim of substituting a financing model, based entirely on public spending, with one delegating financial responsibilities to operators through full-cost recovery. Our simulations show that delegating all responsibilities and risks to the private sector can lead to unsustainable price increases once replacement of existing assets are required. The solution is not to give up full-cost recovery, but rather to search for risk allocation patterns that are more coherent with the risk profile of the water industry and help keeping the cost of capital low.

[Payment mechanisms and financial resources management for consolidation of Ecuador's health system].

PubMed

Villacrés, Tatiana; Mena, Ana Cristina

2017-06-08

Analyze the proposal by the Ministry of Public Health to reform the public financing model in Ecuador with regard to pooling of funds and payment mechanisms. A literature review was done of the financing model, the current legal framework, and the budgetary bases in Pubmed, SciELO, LILACS Ecuador, and regional LILACS using the key words health financing, health financing systems, capitation, pooling of funds, health system reform Ecuador, health system Ecuador, and health payment mechanisms. Books and other documents suggested by health systems experts were also included. Review of the financing model enabled identifying the historical segmentation of Ecuador's health system; out of this, the Ministry of Public Health conceived its proposal to reform the financing model. The Ministry's proposed solutions are pooling of funds and payment of services at the first level of care through payment per capita adjusted for socioeconomic and demographic risks. Progress made in reforming the financing model includes design of the proposals and their implementation mechanisms, and discussions with stakeholders. Implementation of these changes may produce improvements for the health system in efficiency, spreading of risks, incentives for meeting health objectives, as well as contribute to its sustainability and advance toward universal health coverage. Nevertheless, legal, political, and operational constraints are hampering their implementation.

12 CFR 1229.10 - Actions applicable to critically undercapitalized Banks.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Actions applicable to critically undercapitalized Banks. 1229.10 Section 1229.10 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION Federal Home Loan Banks § 1229.10 Actions applicable...

12 CFR 1206.4 - Increased costs of regulation.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Increased costs of regulation. 1206.4 Section 1206.4 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ORGANIZATION AND OPERATIONS ASSESSMENTS § 1206... regulation of a Regulated Entity due to its classification as other than adequately capitalized, or as a...

12 CFR 1229.8 - Mandatory actions applicable to significantly undercapitalized Banks.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Mandatory actions applicable to significantly undercapitalized Banks. 1229.8 Section 1229.8 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION Federal Home Loan Banks § 1229.8 Mandatory actions...

12 CFR 1229.7 - Discretionary actions applicable to undercapitalized Banks.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Discretionary actions applicable to undercapitalized Banks. 1229.7 Section 1229.7 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION Federal Home Loan Banks § 1229.7 Discretionary...

12 CFR 1229.6 - Mandatory actions applicable to undercapitalized Banks.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Mandatory actions applicable to undercapitalized Banks. 1229.6 Section 1229.6 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTITY REGULATIONS CAPITAL CLASSIFICATIONS AND PROMPT CORRECTIVE ACTION Federal Home Loan Banks § 1229.6 Mandatory actions...

Rates of Return to Education in Botswana.

ERIC Educational Resources Information Center

Siphambe, Happy Kufigwa

2000-01-01

Using Botswana household income data, shows that education's rates of return rise by education level. The human capital model remains robust. Education is not income-equalizing; women are paid less than men despite being more highly educated. Private educational financing, job creation, and increased gender equity are needed. (Contains 27…

31 CFR 128.13 - Special survey reports.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance: Treasury 1 2014-07-01 2014-07-01 false Special survey reports. 128.13... Reports on International Capital Transactions and Positions § 128.13 Special survey reports. The Secretary may prescribe special survey reports at such times as the Secretary determines there is a need for...

31 CFR 128.13 - Special survey reports.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 31 Money and Finance: Treasury 1 2012-07-01 2012-07-01 false Special survey reports. 128.13... Reports on International Capital Transactions and Positions § 128.13 Special survey reports. The Secretary may prescribe special survey reports at such times as the Secretary determines there is a need for...

31 CFR 128.13 - Special survey reports.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance: Treasury 1 2013-07-01 2013-07-01 false Special survey reports. 128.13... Reports on International Capital Transactions and Positions § 128.13 Special survey reports. The Secretary may prescribe special survey reports at such times as the Secretary determines there is a need for...

31 CFR 128.13 - Special survey reports.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance: Treasury 1 2011-07-01 2011-07-01 false Special survey reports. 128.13... Reports on International Capital Transactions and Positions § 128.13 Special survey reports. The Secretary may prescribe special survey reports at such times as the Secretary determines there is a need for...

49 CFR Appendix A to Part 611 - Description of Measures Used for Project Evaluation.

Code of Federal Regulations, 2010 CFR

2010-10-01

...) Livable Communities initiatives and local economic activities; (5) Consideration of alternative land use... to fixed guideway systems and extensions may not be limited to a single project). (b) The stability and reliability of the proposed capital financing plan, according to: (i) The stability, reliability...

Where Are We Going? Planning Assumptions for Community Colleges.

ERIC Educational Resources Information Center

Maas, Rao, Taylor and Associates, Riverside, CA.

Designed to provide community college planners with a series of reference assumptions to consider in the planning process, this document sets forth assumptions related to finance (i.e., operational funds, capital funds, alternate funding sources, and campus financial operations); California state priorities; occupational trends; population (i.e.,…

78 FR 59165 - Orders: Information Reporting With Respect to Stress Testing of Regulated Entities

Federal Register 2010, 2011, 2012, 2013, 2014

2013-09-26

... Respect to Stress Testing of Regulated Entities AGENCY: Federal Housing Finance Agency. ACTION: Orders... stress tests to determine whether the companies have the capital necessary to absorb losses as a result... stress testing. FHFA anticipates supplementing the rule annually with Orders that provide test scenarios...

Allocation of State Funds for Construction and Renovation of Schools in Georgia.

ERIC Educational Resources Information Center

Walker, Mary Beth; Sjoquist, David L.

1996-01-01

Examines Georgia's model capital outlay program for public schools. Despite the current program's many positive aspects, incentives provided to local school districts can lead to inefficiencies, contradictions, and inequities for districts with older physical plants. The program also contains an incentive to use debt financing, rather than…

7 CFR 1783.12 - What are eligible uses of grant proceeds?

Code of Federal Regulations, 2010 CFR

2010-01-01

... SERVICE, DEPARTMENT OF AGRICULTURE (CONTINUED) REVOLVING FUNDS FOR FINANCING WATER AND WASTEWATER PROJECTS... projects or with existing water and wastewater systems, and (2) Short-term costs incurred for replacement equipment, small-scale extension of services, or other small capital projects that are not part of the...

42 CFR 460.26 - Submission and evaluation of waiver requests.

Code of Federal Regulations, 2010 CFR

2010-10-01

... monitoring of the PACE organization. (c) Requirements related to the following principles may not be waived... application to become a PACE organization may submit a waiver request. The entity must submit its waiver... interdisciplinary team approach to care management and service delivery. (4) Capitated, integrated financing that...

42 CFR 460.26 - Submission and evaluation of waiver requests.

Code of Federal Regulations, 2011 CFR

2011-10-01

... monitoring of the PACE organization. (c) Requirements related to the following principles may not be waived... application to become a PACE organization may submit a waiver request. The entity must submit its waiver... interdisciplinary team approach to care management and service delivery. (4) Capitated, integrated financing that...

77 FR 71865 - Over-the-Road Bus Accessibility Grant Program

Federal Register 2010, 2011, 2012, 2013, 2014

2012-12-04

... DEPARTMENT OF TRANSPORTATION Federal Transit Administration Over-the-Road Bus Accessibility Grant... selection of projects to be funded under Fiscal Year (FY) 2012 appropriations for the Over-the-Road Bus...-road buses to help finance the incremental capital and training costs of complying with DOT's over-the...

77 FR 5295 - Over-the-Road Bus Accessibility Program Announcement of Project Selections

Federal Register 2010, 2011, 2012, 2013, 2014

2012-02-02

... DEPARTMENT OF TRANSPORTATION Federal Transit Administration Over-the-Road Bus Accessibility...-Road Bus (OTRB) Accessibility Program, authorized by Section 3038 of the Transportation Equity Act for... of over-the-road buses to help finance the incremental capital and training costs of complying with...

7 CFR 1710.115 - Final maturity.

Code of Federal Regulations, 2014 CFR

2014-01-01

... maturities for loans for the implementation of programs for demand side management and energy resource conservation and on and off grid renewable energy sources not owned by the borrower will be determined by RUS... finance working capital required for the initial operation of a new system are a separate class of loans...

13 CFR 108.885 - Disposition of assets to NMVC Company's Associates.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Disposition of assets to NMVC Company's Associates. 108.885 Section 108.885 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Financing of Small Businesses by NMVC Companies...

12 CFR 390.466 - Risk-based capital credit risk-weight categories.

Code of Federal Regulations, 2014 CFR

2014-01-01

...-sector entity; (J) Bonds issued by the Financing Corporation or the Resolution Funding Corporation; (K... country. (iii) 50 percent Risk Weight (Category 3). (A) Revenue bonds issued by any public-sector entity....g., industrial development bonds; (J) Debt securities not otherwise described in this section; (K...

How Can We Afford This: Funding & Financing Means.

ERIC Educational Resources Information Center

Kaiser, Harvey H.

Sources of funds for campus capital renewal and replacement are discussed, including the operating budget, external sources, conversion of assets, and innovative techniques. Current funds can be obtained from tuition and fees, external sources, and sales and services of educational or auxiliary operations. Public universities are more heavily…

Who Can Afford a Computerized Bookstore? Almost Anyone.

ERIC Educational Resources Information Center

Miller, Charles

1982-01-01

The decision to computerize operations in the DeAnza Community College bookstore was followed by a number of decisions about financing options (purchase, lease/purchase, lease, timesharing). A timesharing agreement was reached with a local bank, with no capital outlay and at a cost equivalent to an accountant's position. (MSE)

Understanding Economic Change in the Gilded Age.

ERIC Educational Resources Information Center

Campbell, Ballard C.

1999-01-01

Addresses the impediments involved in teaching the economic history of the Gilded Age. Presents six attributes of industrialization to use when teaching about the Gilded Age that concentrate on the fundamental components of economic change: (1) technology; (2) railroads; (3) corporations; (4) finance capitalism; (5) labor; and (6) retailing. (CMK)

Leasing versus Borrowing: Evaluating Alternative Forms of Consumer Credit.

ERIC Educational Resources Information Center

Nunnally, Bennie H., Jr.; Plath, D. Anthony

1989-01-01

Presents a straightforward method for evaluating lease versus borrow (buy) decisions illustrated with actual financing cost data reported to new car purchasers. States that individuals should consider after-tax cash flows associated with alternative arrangements, time in which cash flow occurs, and opportunity cost of capital to identify the least…

13 CFR 124.515 - Can a Participant change its ownership or control and continue to perform an 8(a) contract, and...

Code of Federal Regulations, 2010 CFR

2010-01-01

... of a majority of the voting stock of the concern in order to raise equity capital, but only if— (i... financing; (2) Ownership and control of the concern that is performing the 8(a) contract will pass to...

12 CFR 917.9 - Dividends.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Dividends. 917.9 Section 917.9 Banks and Banking FEDERAL HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS AND... chapter. Dividends on such capital stock shall be computed without preference. (b) A Bank's board of...

The Research Administrator's Responsibility for Buying from Minority-Owned Companies.

ERIC Educational Resources Information Center

Shaffer, Lyle E.

1979-01-01

The author, the president of Amoco Venture Capital Company, a subsidiary of Standard Oil Company of Indiana designed to promote minority purchasing and finance minority enterprise, describes his program and the national program to promote minority enterprise. Ways that research administrators can develop minority sources for laboratory needs are…

Business Principles and Management. Curriculum Guidelines.

ERIC Educational Resources Information Center

Clemson Univ., SC. Vocational Education Media Center.

This senior high school curriculum guide offers a general overview of the American business system and a study of various forms of business ownership, internal organization and management functions of business, and the financing of business. Ten areas are explored in the course: (1) capitalism; (2) money, credit, and banking; (3) government and…

75 FR 12407 - Capital Magnet Fund

Federal Register 2010, 2011, 2012, 2013, 2014

2010-03-15

... projects undertaken in urban areas, and with respect to projects undertaken in rural areas? 3. The... financing predatory lending practices that should be included in this section? Is the use restriction that... Housing Act, as amended, 42 U.S.C. 12701 et seq., administered by the U.S. Department of Housing and Urban...

The informatics of health care reform.

PubMed Central

Masys, D R

1996-01-01

Health care in the United States has entered a period of economic upheaval. Episodic, fee-for-service care financed by indemnity insurance is being replaced by managed care financed by fixed-price, capitated health plans. The resulting focus on reducing costs, especially in areas where there is competition fueled by oversupply of health services providers and facilities, poses new threats to the livelihood of medical libraries and medical librarians but also offers new opportunities. Internet services, consumer health education, and health services research will grow in importance, and organizational mergers will provide librarians with opportunities to assume new roles within their organizations. PMID:8938325

Daily stock index return for the Canadian, UK, and US equity markets, compiled by Morgan Stanley Capital International, obtained from Datastream.

PubMed

Li, Leon

2018-02-01

The data presented in this article are related to the research article entitled "Testing and comparing the performance of dynamic variance and correlation models in value-at-risk estimation. North American Journal of Economics and Finance, 40, 116-135. doi:10.1016/j.najef.2017.02.006 (Li, 2017) [1]. Data on daily stock index return for the Canadian, UK, and US equity markets, as compiled by Morgan Stanley Capital International, are provided in this paper. The country indices comprise at least 80% of the stock market capitalization of each country. The data cover the period from January 1, 1990, through September 8, 2016, and include 6963 observations. All stock prices are stated in dollars.

Accessing Secondary Markets as a Capital Source for Energy Efficiency Finance Programs: Program Design Considerations for Policymakers and Administrators

DOE Office of Scientific and Technical Information (OSTI.GOV)

Kramer, C.; Martin, E. Fadrhonc; Thompson, P.

Estimates of the total opportunity for investment in cost-effective energy efficiency in the United States are typically in the range of several hundred billion dollars (Choi Granade, et al., 2009 and Fulton & Brandenburg, 2012).1,2 To access this potential, many state policymakers and utility regulators have established aggressive energy efficiency savings targets. Current levels of taxpayer and utility bill-payer funding for energy efficiency is only a small fraction of the total investment needed to meet these targets (SEE Action Financing Solutions Working Group, 2013). Given this challenge, some energy efficiency program administrators are working to access private capital sources withmore » the aim of amplifying the funds available for investment. In this context, efficient access to secondary market capital has been advanced as one important enabler of the energy efficiency industry “at scale.”3 The question of what role secondary markets can play in bringing energy efficiency to scale is largely untested despite extensive attention from media, technical publications, advocates, and others. Only a handful of transactions of energy efficiency loan products have been executed to date, and it is too soon to draw robust conclusions from these deals. At the same time, energy efficiency program administrators and policymakers face very real decisions regarding whether and how to access secondary markets as part of their energy efficiency deployment strategy.« less

Differential effects of public and private funding in the medical device industry.

PubMed

Kang, Hyunsung D; Ku, David N

2018-02-01

Funding for scientific advancement comes from two dominant sources: public funds used to generate knowledge, and private sector funds in the pursuit of commercial products. It is unclear how to compare the outputs of these two financial mechanisms because both sectors are motivated by common goods but are also governed by divergent forces. Employment within a geographic region may be a metric of mutual value that can be applied equally to assess the societal impacts of two financing sources. Areas covered: The authors focused on the medical device industry, which is a robust sector of growth for the U.S. economy. The U.S. NIH and venture capital community are representatives of public and private capital, respectively. Using a longitudinal employment dataset of 247 distinct locations, the authors found that NIH funding tends to create more jobs directly compared to venture capital funding. Moreover, the indirect effect of governmental funding is initially smaller than that of venture capital funding for the first two years, but eventually surpasses that of venture capital funding. Expert commentary: These findings imply that policy decisions regarding financial allocations in the medical device industry should consider the appropriate typology of financial capital and its consequences.

State of Our Schools: America's K-12 Facilities 2016

ERIC Educational Resources Information Center

Filardo, Mary

2016-01-01

School facilities have a direct impact on student learning, student and staff health, and school finances. But too many students attend school facilities that fall short of providing 21st century learning environments because essential maintenance and capital improvements are underfunded. In this report, the author compiled and analyzed the best…

Data and Characteristics of the Illinois Public Community College System.

ERIC Educational Resources Information Center

Illinois Community Coll. Board, Springfield.

Data on the Illinois public community colleges, covering fiscal year (FY) 1991 and part of FY 1992, are presented in this report on the system's students, faculty, staff, instructional programs, operating finances, and capital construction. Introductory material provides a profile of the colleges, a map of college districts, and a list of…

Data and Characteristics of the Illinois Public Community College System.

ERIC Educational Resources Information Center

Illinois Community Coll. Board, Springfield.

Data on the Illinois public community colleges, covering fiscal year (FY) 1990 and part of FY 1991, are presented in this report on the system's students, faculty, staff, instructional programs, operating finances, and capital construction. After introductory material provides a profile of the colleges and a map of college districts, section I…

75 FR 42081 - The Historically Black College and University Capital Financing Advisory Board

Federal Register 2010, 2011, 2012, 2013, 2014

2010-07-20

..., DC. 20001. FOR FURTHER INFORMATION CONTACT: Donald E. Watson, Executive Director, Historically Black... 6071, Washington, DC 20006; telephone: (202) 219-7037; fax: (202) 502-7852; e-mail: donald.watson@ed...) should notify Donald Watson at 202 219-7037, no later than July 16, 2010. We will attempt to meet...

Public-Sector Managed Care for Children's Mental Health Services: Stakeholders' Perspectives. Symposium.

ERIC Educational Resources Information Center

Stangl, Dalene K.; Tweed, Dan L.; Farmer, Betsy; Langmeyer, David; Stelle, Lynn; Behar, Lenore B.; Gagliardi, Julia; Burns, Barbara J.

This paper presents contributions at a symposium about Carolina Alternatives (CA), a North Carolina program that blends capitated financing with public sector managed care for mental health and substance abuse services for children and youth eligible for Medicaid. The symposium focused on stakeholders' perspectives and on expenditure patterns of…

Resources for Higher Education: An Economist's View. (Reprint).

ERIC Educational Resources Information Center

Schultz, Theodore W.

1969-01-01

The limitations of economic analysis are evident when one considers the complexity of our society's needs and problems. Seven propositions which may be useful in planning and in financing higher education are: education is a form of human capital; the 3 major functions of higher education are discovering talent, instruction and research; there are…

Summary Statistics of CPB-Qualified Public Radio Stations: Fiscal Year 1971.

ERIC Educational Resources Information Center

Lee, S. Young; Pedone, Ronald J.

Basic statistics on finance, employment, and broadcast and production activities of 103 Corporation for Public Broadcasting (CPB)--qualified radio stations in the United States and Puerto Rico for Fiscal Year 1971 are collected. The first section of the report deals with total funds, income, direct operating costs, capital expenditures, and other…

Qualified School Construction Bonds: One School District's Experience

ERIC Educational Resources Information Center

Morstad, Lisa Zimmerman

2010-01-01

Qualified school construction bonds (QSCBs) are part of the American Recovery and Reinvestment Act of 2009. These bonds allow school districts to finance capital projects at no or very low interest rates. In a nutshell, bondholders accept a lower interest rate because the corresponding federal tax credit they receive subsidizes that lower interest…

School Finance Capitalization.

ERIC Educational Resources Information Center

Gurwitz, Aaron S.

Residential areas with low property tax rates are more desirable than those with high tax rates, and school districts that have a high rate of expenditure per pupil are more attractive to parents than those with low rates of expenditure. For these reasons, the financial characteristics of a school district influence the value of housing in the…

Financing Losses from Catastrophic Risks

DTIC Science & Technology

2008-11-01

University of Pennsylvania Smetters@wharton.upenn.edu David Torregrosa Macroeconomic Analysis Division Congressional Budget Office...Office, Macroeconomic Analysis Division,Second and D Streets SW,Washington,DC,20515-6925 8. PERFORMING ORGANIZATION REPORT NUMBER 9. SPONSORING...exceeds $40 trillion (Bank for International Settlements 2007), or over eighty times the capital reserves of the entire insurance industry worldwide

12 CFR 932.5 - Market risk capital requirement.

Code of Federal Regulations, 2013 CFR

2013-01-01

... 932.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND..., commodity prices, and equity prices that could occur during periods of market stress, where the market value... options, to a comparable degree of stress for such factors as will be required for an internal market risk...

12 CFR 932.5 - Market risk capital requirement.

Code of Federal Regulations, 2012 CFR

2012-01-01

... 932.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND..., commodity prices, and equity prices that could occur during periods of market stress, where the market value... options, to a comparable degree of stress for such factors as will be required for an internal market risk...

12 CFR 932.5 - Market risk capital requirement.

Code of Federal Regulations, 2011 CFR

2011-01-01

... 932.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND..., commodity prices, and equity prices that could occur during periods of market stress, where the market value... options, to a comparable degree of stress for such factors as will be required for an internal market risk...

12 CFR 932.5 - Market risk capital requirement.

Code of Federal Regulations, 2014 CFR

2014-01-01

... 932.5 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND..., commodity prices, and equity prices that could occur during periods of market stress, where the market value... options, to a comparable degree of stress for such factors as will be required for an internal market risk...

78 FR 10233 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-02-13

... fundamental credit analysis in an effort to attempt to minimize the loss of the Portfolio's capital.\\11\\ The..., insurance companies or finance companies (or their affiliates). Such companies may be especially susceptible... generally repaid before unsecured bank loans, corporate bonds, subordinated debt, trade creditors, and...

Planning during turmoil: credit challenges and healthcare finance. Interview by Carole J. Bolster.

PubMed

Bigalke, John T; Goldstein, Lisa; Gourdon, Claudia; Jacobson, Catherine A; Kaufman, Kenneth; Long, Ronald R

2008-11-01

The crisis in the financial markets is having a major impact on hospitals' ability to access capital. Providers are seeking longer-term fixed-rate debt rather than shortterm debt. Hospital management teams and their boards need to understand the upside and downside of variable-rate debt and interest rate derivatives.

Health Care Cost Containment. A Seminar on Health Cost Containment, March 14-15, 1985, Washington, D.C.

ERIC Educational Resources Information Center

Council of State Governments, Lexington, KY.

This document presents the texts of speeches from a conference on health care cost containment. Topics presented include Medicare solvency, capitated programs, diagnostic related groups (DRGs), Medicaid restructuring, long term care financing, private sector cost containment strategies, British health cost containment, health maintenance…

Philanthropy as a Source to Finance Higher Education. A Synthesis Paper.

ERIC Educational Resources Information Center

Wurster, Stanley R.

This paper first examines the economics of higher education and the five economic problems that face institutions of higher learning: inflation, expansion of educational services, fluctuating student enrollments, need for an enlarged and modernized capital plant, and uncertain sources of income. The paper then reviews the trends and potential of…

Developing Real Estate: A Rational Plan for Capitalizing on a Valuable Resource.

ERIC Educational Resources Information Center

Hughes, K. Scott; And Others

1991-01-01

The second part of a two-part article addresses four key issues for higher education administrators to consider as they investigate real estate opportunities. They are (1) market feasibility; (2) development strategy; (3) financing; and (4) governance. Guidelines for innovative real estate projects even during the potentially difficult early 1990s…

Canada's Crisis in Advanced Skills

ERIC Educational Resources Information Center

Association of Canadian Community Colleges, 2008

2008-01-01

The key to economic and social development lies in the knowledge and skill base of human capital. This report, presented to the House of Commons Standing Committee on Finance, calls for vigorous action on the part of the Government of Canada, in concert with the provinces and territories, to protect the Canadian economy from a skills shortage…

Decision Support for Installations of the United States Army.

DTIC Science & Technology

1993-06-25

McArdle, Office of the Deputy Chief of Staff for Personnel; Mr. Tim Whyte, U.S. Army Community & Family Support Center; MAT Bill Cross and MAJ Rick ... Riordan , Timothy H., Maria E Oria, and Joseph P. Tuss, "Dayton’s Capital Allocations Process," Government Finance Review, Vol. 4, No. 2, April 1987

76 FR 51118 - Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-08-17

... SMALL BUSINESS ADMINISTRATION [Emergence Capital Partners SBIC, L.P. License No. 09/79-0454] Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest... Act and Section 107.730, Financings which Constitute Conflicts of Interest of the Small Business...

43 CFR 404.39 - What factors will Reclamation consider in evaluating my capability to pay 25 percent or more of...

Code of Federal Regulations, 2014 CFR

2014-10-01

... and depreciation, maintenance and repair); (6) Cash flow from operating activities (positive value... financial obligations; (9) Collateral/equity as appropriate; (10) Cash flows from capital and related financing activities (negative value from principle paid on bonds and interest payments); (11) Net cash flow...

43 CFR 404.39 - What factors will Reclamation consider in evaluating my capability to pay 25 percent or more of...

Code of Federal Regulations, 2011 CFR

2011-10-01

... and depreciation, maintenance and repair); (6) Cash flow from operating activities (positive value... financial obligations; (9) Collateral/equity as appropriate; (10) Cash flows from capital and related financing activities (negative value from principle paid on bonds and interest payments); (11) Net cash flow...

43 CFR 404.39 - What factors will Reclamation consider in evaluating my capability to pay 25 percent or more of...

Code of Federal Regulations, 2012 CFR

2012-10-01

... and depreciation, maintenance and repair); (6) Cash flow from operating activities (positive value... financial obligations; (9) Collateral/equity as appropriate; (10) Cash flows from capital and related financing activities (negative value from principle paid on bonds and interest payments); (11) Net cash flow...

43 CFR 404.39 - What factors will Reclamation consider in evaluating my capability to pay 25 percent or more of...

Code of Federal Regulations, 2013 CFR

2013-10-01

... and depreciation, maintenance and repair); (6) Cash flow from operating activities (positive value... financial obligations; (9) Collateral/equity as appropriate; (10) Cash flows from capital and related financing activities (negative value from principle paid on bonds and interest payments); (11) Net cash flow...

Michigan and Ohio K-12 Educational Financing Systems: Equality and Efficiency

ERIC Educational Resources Information Center

Conlin, Michael; Thompson, Paul N.

2014-01-01

We consider issues of equality and efficiency in two different school funding systems--a state-level system in Michigan and a foundation system in Ohio. Unlike Ohio, the Michigan system restricts districts from generating property or income tax revenue to fund operating expenditures. In both states, districts fund capital expenditures with local…

Finances of Public School Systems in 1979-80.

ERIC Educational Resources Information Center

Bureau of the Census (DOC), Suitland, MD.

Thirteen tables present 1979-1980 data on public school enrollment, revenue sources, capital and operating expenditures, debt, and cash and security holdings. Data are provided for each state, for categories of school-district enrollment size, and for all individual school systems with over 15,000 students. Revenues and expenditures for each state…

Shared Savings Financing for College and University Energy Efficiency Investments.

ERIC Educational Resources Information Center

Business Officer, 1984

1984-01-01

Shared savings arrangements for campus energy efficient investments are discussed. Shared savings is a term for an agreement in which a private company offers to implement an energy efficiency program, including capital improvements, in exchange for a portion of the energy cost savings. Attention is directed to: types of shared savings…

Higher Education Trends (1997-1999): Finance. ERIC-HE Trends.

ERIC Educational Resources Information Center

Kezar, Adrianna J.

The literature on financial issues in higher education is limited. Six major themes in the literature in l996 include the reduced federal role and increased state role in funding; managing costs, including deferred maintenance and capital spending in times of shrinking resources; concern about rising tuition and its impact on access; concern about…

The Policy Determinants of Investment in Tertiary Education. OECD Economics Department Working Papers, No. 576

ERIC Educational Resources Information Center

Martins, Joaquim Oliveira; Boarini, Romina; Strauss, Hubert; de la Maisonneuve, Christine; Saadi, Clarice

2007-01-01

This paper assesses how policies and institutions affect private returns to invest in tertiary human capital, the ability of individuals to finance this investment and the institutional characteristics of tertiary education systems. Focusing on core tertiary education services, the paper presents new measures of private returns to tertiary…

Data Products | Energy Analysis | NREL

Science.gov Websites

Project Finance Provides information on the Solar Access to Public Capital working group, Market Insights in the NSRDB Viewer. Open EI (Open Energy Information) OpenEI is a knowledge sharing online community efficiency. The Open PV Project A collaborative effort between government, industry, and the public to

77 FR 61742 - Certain Lined Paper Products From India: Preliminary Results of Countervailing Duty...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-10-11

.... Pre- and Post-Shipment Export Financing 2. Export Promotion of Capital Goods Scheme (EPCGS) 3. Export... (80IB Tax Program) 9. Duty Entitlement Passbook Scheme (DEPS) 10. Advance Authorization Program (AAP) 11. Export Processing Zones (Renamed Special Economic Zones) 12. Target Plus Scheme (TPS) B. Programs...

The response of public and private credit markets to typhoons in China

NASA Astrophysics Data System (ADS)

Bao, X.; Hsiang, S. M.

2011-12-01

When natural disasters strike, both public and private credit markets may finance the reconstruction of lost capital. We examine the response of public and private credit markets to cyclone events in China, using provincial fiscal data from 1978 to 2008, and find striking differences in the sectors targeted by public and private creditors. Following a cyclone event, public loans to the agricultural sector expand 2% for every additional 10 m/s in local wind exposure, while private loans to industrial and commercial sectors grow 7% for the same event. In addition, we find that these expansions to local credit markets persist at these levels for at least one year following exposure to a storm. We then demonstrate that these results are consistent with a model in which private creditors maximize profits and the government maximizes equity. In this stylized model, we show that when governments value short-term equity and finance risky sectors with plausibly negative net present value, this may have the perverse effect of encouraging populations and capital to remain in disaster-prone regions and lower equity in the long-run.

Healthcare financing: approaches and trends in India.

PubMed

Bajpai, Vikas; Saraya, Anoop

2010-01-01

Despite the importance of healthcare for the well-being of society, there is little public debate in India on issues relating to it. The 'human capital approach' to finance healthcare largely relies on private investment in health, while the 'human development approach' envisages the State as the guarantorof preventive as well as curative care to achieve universalization of healthcare. The prevailing health indices of India and challenges in the field of public health require a human developmentapproach to healthcare. On the eve of independence, India adopted the human development approach, with the report of the Bhore Committee emphasizing the role of the State in the development and provision of healthcare. However, more recently, successive governments have moved towards the human capital approach. Instead of increasing state spending on health and expanding the public health infrastructure, the government has been relying more and more on the private sector. The public-private partnership has been touted as the new-age panacea for the ills of the Indian healthcare system. This approach has led to a stagnation of public health indices and a decrease in the access of the poor to healthcare.

The role of Medicare reimbursement in contemporary hospital finance.

PubMed

Golub, S

1986-01-01

A hospital, while performing its major function of providing health care, is also viewed as a business. It needs capital from a wide variety of sources, many of which are government regulated. Over the past few years, federal expenditures for Medicare have increased dramatically, as has regulation of hospital revenue sources. Congress enacted the Medicare Prospective Payment System (PPS) to curb hospital cost inflation. This Note examines historical trends in health care financing and analyzes the Medicare reimbursement system, with emphasis on PPS and its impact on hospital revenues. The Note suggests that hospitals, due to the effects of PPS, will be forced to reduce their levels of financial leverage and will have to look for corporate financial alternatives. PPS may signal a new era in hospital finance. Survival mandates an increased focus on efficient corporate, financial and managerial policies.

Alternative solutions for public and private catastrophe funding in Austria

NASA Astrophysics Data System (ADS)

Gruber, M.

2008-07-01

The impacts of natural hazards as well as their frequency of occurrence during the last decades have increased decisively. Therefore, the public as well as the private sector are expected to react to this development by providing sufficient funds, in particular for the improvement of protection measures and an enhanced funding of damage compensation for affected private individuals, corporate and public entities. From the public stance, the establishment of an appropriate regulatory environment seems to be indispensable. Structural and legal changes should, on the one hand, renew and improve the current distribution system of public catastrophe funds as well as the profitable investment of these financial resources, and on the other hand, facilitate the application of alternative mechanisms provided by the capital and insurance markets. In particular, capital markets have developed alternative risk transfer and financing mechanisms, such as captive insurance companies, risk pooling, contingent capital solutions, multi-trigger products and insurance securitisation for hard insurance market phases. These instruments have already been applied to catastrophic (re-)insurance in other countries (mainly the US and off-shore domiciles), and may contribute positively to the insurability of extreme weather events in Austria by enhancing financial capacities. Not only private individuals and corporate entities may use alternative mechanisms in order to retain, thus, to finance certain risks, but also public institutions. This contribution aims at analysing potential solutions for an improved risk management of natural hazards in the private and the public sector by considering alternative mechanisms of the capital and insurance markets. Also the establishment of public-private-partnerships, which may contribute to a more efficient cat funding system in Austria, is considered.

The opportunity cost of capital: development of new pharmaceuticals.

PubMed

Chit, Ayman; Chit, Ahmad; Papadimitropoulos, Manny; Krahn, Murray; Parker, Jayson; Grootendorst, Paul

2015-01-01

The opportunity cost of the capital invested in pharmaceutical research and development (R&D) to bring a new drug to market makes up as much as half the total cost. However, the literature on the cost of pharmaceutical R&D is mixed on how, exactly, one should calculate this "hidden" cost. Some authors attempt to adopt models from the field of finance, whereas other prominent authors dismiss this practice as biased, arguing that it artificially inflates the R&D cost to justify higher prices for pharmaceuticals. In this article, we examine the arguments made by both sides of the debate and then explain the cost of capital concept and describe in detail how this value is calculated. Given the significant contribution of the cost of capital to the overall cost of new drug R&D, a clear understanding of the concept is critical for policy makers, investors, and those involved directly in the R&D. © The Author(s) 2015.

Risk-adjusted capitation payments for catastrophic risks based on multi-year prior costs.

PubMed

van Barneveld, E M; van Vliet, R C; van de Ven, W P

1997-02-01

In many countries regulated competition among health insurance companies has recently been proposed or implemented. A crucial issue is whether or not the benefits package offered by competing insurers should also cover catastrophic risks (like several forms of expensive long-term care) in addition to non-catastrophic risks (like hospital care and physician services). In 1988 the Dutch government proposed compulsory national health insurance based on regulated competition among insurer as well as among providers of care. The competing insurers should offer a benefits package covering both non-catastrophic risks and catastrophic risks. The insurers would be largely financed via risk-adjusted capitation payments. The government intended to use a capitation formula that is, besides some demographic variables, based on multi-year prior costs. This paper presents the results of an explorative empirical analysis of the possible consequences of such a capitation formula for catastrophic risks. The main conclusion is that this formula would be inadequate because it would leave ample room for cream skimming.

Analysis of Bonds as an Instrument for Financing Mining Investments

NASA Astrophysics Data System (ADS)

Ranosz, Robert

2017-06-01

The purpose of this article is to examine the structure of financing for mining enterprises in the years 2007-2013, with particular emphasis on bonds. The document pays special attention to Polish mining enterprises. The financing structure analysis was based on data collected from financial statements (cash flows) of the largest mining companies in Poland, and their comparison with the results of global mining enterprises pursuant to reports prepared by international advisory firms. The article takes into account capital sources such as: corporate bonds, bank loans and issue of shares. As indicated by the performed analysis, mining enterprises both around the world and in Poland are increasingly eager to take advantage of obtaining business financing from issue of corporate bonds. It should also be recognized that in the analyzed period, both global and Polish mining enterprises deviate from forms of financing such as issue of shares. This may be caused by the fact that the bonds market in Poland is becoming increasingly popular, mainly due to interest rate on bonds being lower in comparison with bank loans. Another reason may be that banks and potential buyers of shares are less eager to finance this type of investment due to a relatively substantial risk acceptable to bondholders.

Satellite Power System (SPS) financial/management scenarios

NASA Technical Reports Server (NTRS)

Vajk, J. P.

1978-01-01

The possible benefits of a Satellite Power System (SPS) program, both domestically and internationally, justify detailed and imaginative investigation of the issues involved in financing and managing such a large-scale program. In this study, ten possible methods of financing a SPS program are identified ranging from pure government agency to private corporations. The following were analyzed and evaluated: (1) capital requirements for SPS; (2) ownership and control; (3) management principles; (4) organizational forms for SPS; (5) criteria for evaluation; (6) detailed description and preliminary evaluation of alternatives; (7) phased approaches; and (8) comparative evaluation. Key issues and observations and recommendations for further study are also presented.

Off-balance-sheet financing can generate capital for strategic development.

PubMed

Campobasso, F D

2000-06-01

To manage their real estate portfolios effectively and obtain funding for strategic development, IDSs should consider adopting off-balance-sheet financing strategies, such as sale-and-leaseback transactions, synthetic leases, and joint-venture arrangements. Under these approaches, real estate assets are moved off of the organization's balance sheet via a partial or complete transfer of ownership to a third-party entity. The organization typically retains a satisfactory degree of control over the assets as lessee in sale-and-leaseback and synthetic-lease arrangements, or limited or minority partner in a joint venture, while freeing up cash to use for other strategic purposes.

Factor analysis of financial and operational performance measures of non-profit hospitals.

PubMed

Das, Dhiman

2009-01-01

To understand the important dimensions of the financial and operational performance of non-profit hospitals. Secondary data for non-profit US hospitals between 1996 and 2004. I use iterative principal factor analysis of hospitals' financial and operational ratios for each year of the study. For factor interpretation, I use oblique rotation. Financial ratios were created using cost report data from HCRIS 2552-96 available from the Centers for Medicaid & Medicare Services (CMS). I identify five factors--capital structure, profitability, activity, liquidity, and an operational factor--that explain most of the variation in the performance of non-profit hospitals. I also find that capital structure is more important than profitability in determining the performance of these hospitals. The importance of capital structure highlights a significant shift in the organization of the non-profit hospitals' finances.

Directory of financing sources for foreign energy projects

DOE Office of Scientific and Technical Information (OSTI.GOV)

La Ferla, L.

1995-09-01

The Office of National Security Policy has produced this Directory of Financing Sources for Foreign Energy Projects. The Directory reviews programs that offer financing from US government agencies, multilateral organizations, public, private, and quasi-private investment funds, and local commercial and state development banks. The main US government agencies covered are the US Agency for International Development (USAID), the Export-Import Bank of the US (EXIM Bank), Overseas Private Investment Corporation (OPIC), US Department of Energy, US Department of Defense, and the US Trade and Development Agency (TDA). Other US Government Sources includes market funds that have been in part capitalized usingmore » US government agency funds. Multilateral organizations include the World Bank, International Finance Corporation (IFC), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), and various organizations of the United Nations. The Directory lists available public, private, and quasi-private sources of financing in key emerging markets in the Newly Independent States and other developing countries of strategic interest to the US Department of Energy. The sources of financing listed in this directory should be considered indicative rather than inclusive of all potential sources of financing. Initial focus is on the Russian Federation, Ukraine, india, China, and Pakistan. Separate self-contained sections have been developed for each of the countries to enable the user to readily access market-specific information and to support country-specific Departmental initiatives. For each country, the directory is organized to follow the project life cycle--from prefeasibility, feasibility, project finance, cofinancing, and trade finance, through to technical assistance and training. Programs on investment and export insurance are excluded.« less

The Energy Economics of Financial Structuring for Renewable Energy Projects

NASA Astrophysics Data System (ADS)

Rana, Vishwajeet

2011-12-01

This dissertation focuses on the various financial structuring options for the renewable energy sector. The projects in this sector are capital-intensive to build but have relatively low operating costs in the long run when compared to traditional energy resources. The large initial capital requirements tend to discourage investors. To encourage renewable investments the government needs to provide financial incentives. Since these projects ultimately generate returns, the government's monetary incentives go to the sponsors and tax equity investors who build and operate such projects and invest capital in them. These incentives are usually in the form of ITCs, PTCs and accelerated depreciation benefits. Also, in some parts of the world, carbon credits are another form of incentive for the sponsors and equity investors to invest in such turnkey projects. The relative importance of these various considerations, however, differs from sponsor to sponsor, investor to investor and from project to project. This study focuses mainly on the US market, the federal tax benefits and incentives provided by the government. This study focuses on the energy economics that are used for project decision-making and parties involved in the transaction as: Project Developer/Sponsor, Tax equity investor, Debt investor, Energy buyer and Tax regulator. The study fulfils the knowledge gap in the decision making process that takes advantage of tax monetization in traditional after-tax analysis for renewable energy projects if the sponsors do not have the tax capacity to realize the total benefits of the project. A case-study for a wind farm, using newly emerging financial structures, validates the hypothesis that these renewable energy sources can meet energy industry economic criteria. The case study also helps to validate the following hypotheses: a) The greater a sponsor's tax appetite, the tower the sponsor's equity dilution. b) The use of leverage increases the cost of equity financing and the financing fee. c) Capital contributions by the sponsor are not relevant to the rate of return (IRR) over the life of the project. Overall conclusion is that financial structures can have a major impact on renewable energy, meeting energy demand in an economic manner. At the end, the dissertation lays down the foundation for future research that can be conducted in this field. Key Words: Renewable energy investments, structured finance, financial structuring

78 FR 18445 - Historically Black College and University (HBCU) Capital Financing Program; Modification of Terms...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-03-26

... conditions of loans made to the following four institutions affected by Hurricanes Katrina and Rita under the... affected by Hurricanes Katrina and Rita. The special loan terms included, but were not limited to... Federal Government. The three agencies have determined that, due to the impact of Hurricanes Katrina and...

Financing School Construction. Educational Facilities Review Series, Number 12.

ERIC Educational Resources Information Center

Piele, Philip K.

The combination of defeated bond issues and rising building costs is contributing to a decline in both the construction of new school buildings and the remodeling of existing buildings. For the first time in many years, debt service and capital outlay expenditures actually declined on a per pupil basis. No change in either voter preferences or…

Greening the Bottom Line: The Trend toward Green Revolving Funds on Campus

ERIC Educational Resources Information Center

Weisbord, Dano

2011-01-01

Facing steep budget cuts and rising energy costs, many colleges are grappling with how to finance urgently needed, but capital intensive, energy efficiency upgrades on campus. One innovative approach, using return-oriented green revolving funds (GRFs), is a rapidly growing trend at colleges and universities. GRFs can invest in a variety of…

31 CFR Appendix A to Part 128 - Determination Made by National Advisory Council Pursuant to Section 2 (a) and (b) of E.O. 10033

Code of Federal Regulations, 2010 CFR

2010-07-01

... pertaining to direct-investment transactions, U.S. Government foreign lending operations, and claims and...: Treasury Regulations Relating to Money and Finance REPORTING OF INTERNATIONAL CAPITAL AND FOREIGN-CURRENCY... with foreigners, and current information with respect to U.S. gold holdings, foreign-currency holdings...

DEP : a computer program for evaluating lumber drying costs and investments

Treesearch

Stewart Holmes; George B. Harpole; Edward Bilek

1983-01-01

The DEP computer program is a modified discounted cash flow computer program designed for analysis of problems involving economic analysis of wood drying processes. Wood drying processes are different from other processes because of the large amounts of working capital required to finance inventories, and because of relatively large shares of costs charged to inventory...

Financing Education for the Public Good: A New Strategy

ERIC Educational Resources Information Center

McMahon, Walter W.

2015-01-01

A new approach is suggested that depends on and measures how spending on higher and basic education is really an investment in the future, not consumption spending. This is a vital distinction because investment in human capital contributes heavily to growth and development, but also to higher state tax revenue and lower Medicaid, child care,…

Estimating the Full Cost of Family-Financed Time Inputs to Education.

ERIC Educational Resources Information Center

Levine, Victor

This paper presents a methodology for estimating the full cost of parental time allocated to child-care activities at home. Building upon the human capital hypothesis, a model is developed in which the cost of an hour diverted from labor market activity is seen as consisting of three components: 1) direct wages foregone; 2) investments in…

It Won't Be Easy, but You Must Learn the Arcane New Rules of Arbitrage.

ERIC Educational Resources Information Center

Anderson, David; Brennan, William

1988-01-01

With passage of the Tax Reform Act of 1986, school systems became liable to the federal government for any profits earned on tax-exempt bonds. Understanding the requirements is essential for any board facing significant capital financing. Outlines requirements, exceptions to the rule, penalties, costs, and debt planning. (MLF)

Effects of the Program of All-Inclusive Care for the Elderly on Hospital Use

ERIC Educational Resources Information Center

Meret-Hanke, Louise A.

2011-01-01

Purpose of the Study: This study evaluates the effects of the Program of All-Inclusive Care for the Elderly (PACE) on hospital use. PACE's capitated financing creates incentives to reduce the use of costly services. Furthermore, its emphasis on preventative care and regular monitoring by provides a mechanism for reducing unnecessary hospital use…

Status of Higher Education in Connecticut: A Report to the Governor and General Assembly. BHE Reports.

ERIC Educational Resources Information Center

Connecticut State Board of Higher Education, Hartford.

Current data on enrollment, degrees conferred, academic programs, finances, student financial assistance, and capital facilities in Connecticut higher education institutions are summarized, and significant policy issues that the state must address on both a short-term and long-range basis are examined. Findings from the Board of Higher Education…

48 CFR 215.404-71-3 - Contract type risk and working capital adjustment.

Code of Federal Regulations, 2011 CFR

2011-10-01

...) Description. The contract type risk factor focuses on the degree of cost risk accepted by the contractor under... extract from the DD 1547 is annotated to explain the process. Item Contractor risk factors Assigned value Base (item 20) Profit objective 24. CONTRACT type risk (1) (2) (3) Cost financed Length factor Interest...

Providing for Progress: California Higher Education Enrollment Demand and Resources into the 21st Century.

ERIC Educational Resources Information Center

California State Postsecondary Education Commission, Sacramento.

This report projects 12-year enrollment demand for California's three public higher education systems, analyzes campus physical capacity and projected capital outlay costs, and discusses economic trends and California's ability to sell bonds to finance future higher education construction. The report is a major update to a 1995 report, "A…

Cornell U. to Step Up Efforts to Market Its Research; Other Institutions Report Progress on Venture Funds.

ERIC Educational Resources Information Center

Fuchsberg, Gilbert

1989-01-01

While some universities have had success establishing venture funds to market research with commercial potential, Cornell University has formed an alumni panel to evaluate new university technologies for those with promise for new products, spin-off companies, and profits. Members with connections in venture capital will arrange financing and…

State of Hawaii Department of Education Financial Report, July 1, 2003-June 30, 2004.

ERIC Educational Resources Information Center

State of Hawaii Department of Education, 2005

2005-01-01

This annual financial report of the Department of Education is prepared each year to inform interested persons of the total cost of public education in the state of Hawaii. The financial report provides both Operating and Capital Improvement Project fund information that is useful in presenting our educational system financing, expenditures and…

The New Youth Sector Assemblage: Reforming Youth Provision through a Finance Capital Imaginary

ERIC Educational Resources Information Center

McGimpsey, Ian

2018-01-01

The language of austerity has been widely used to characterize policy-making in post-industrial nations since the financial crisis. Youth services in England are a noted example of the effects of austerity, having suffered rapid and severe cuts following a period of record investment prior to 2008. In this article, I argue that…

To Bond or Not to Bond? That Is the Question

ERIC Educational Resources Information Center

Balzer, Wayne E.

2015-01-01

This case, inspired by a real school district scenario, was developed for use in a graduate-level course in school finance. James Spencer had just been selected as the new superintendent of a low-income, 400-student, rural school district in need of many capital improvements. The previous superintendent had refused to hold a bond election because…

Capitation of public mental health services in Colorado: a five-year follow-up of system-level effects.

PubMed

Bloom, Joan R; Wang, Huihui; Kang, Soo Hyang; Wallace, Neal T; Hyun, Jenny K; Hu, Teh-wei

2011-02-01

Capitated Medicaid mental health programs have reduced costs over the short term by lowering the utilization of high-cost inpatient services. This study examined the five-year effects of capitated financing in community mental health centers (CMHCs) by comparing not-for-profit with for-profit programs. Data were from the Medicaid billing system in Colorado for the precapitation year (1994) and a shadow billing system for the postcapitation years (1995-1999). In a panel design, a random-effect approach estimated the impact of two financing systems on service utilization and cost while adjusting for all the covariates. Consistent with predictions, in both the for-profit and the not-for-profit CMHCs, relative to the precapitation year, there were significant reductions in each postcapitation year in high-cost treatments (inpatient treatment) for all but one comparison (not-for-profit CMHCs in 1999). Also consistent with predictions, the for-profit programs realized significant reductions in cost per user for both outpatient services and total services. In the not-for-profit programs, there were no significant changes in cost per user for total services; a significant reduction in cost per user for outpatient services was found only in the first two years, 1995 and 1996). The evidence suggests that different strategies were used by the not-for-profit and for-profit programs to control expenditures and utilization and that the for-profit programs were more successful in reducing cost per user.