Baystone Government Finance funds a variety of equipment and buildings for tribal nations through tax-exempt lease purchase agreements, just as we do for state and local governments. The agreements are also known as municipal leases, and they help qualified government organizations secure the essential equipment and property needed to serve their communities.
In the past year alone, Baystone has financed:
- Heavy-duty dump trucks for tribal construction projects
- Modular classrooms for tribal schools experiencing growing enrollment
- School buses, copiers and other equipment critical to the daily operations of tribal nations
However, some tribal entities, equipment vendors and finance originators are not aware that federally recognized tribes can qualify for tax-exempt lease purchase financing. Others have questions about how the financing works and who is eligible.
To help answer their questions, Baystone has added a new section to our website: Tax-Exempt Equipment Financing for Tribal Governments.
Baystone Answers Your Questions
We have one of the largest teams in the nation dedicated to state, local and tribal government financing, including finance professionals and in-house lawyers who understand the requirements for tribal funding. We’ve specialized in government and non-profit financing for more than 30 years and work directly with American Indian and Native Alaska tribal organizations, original equipment manufacturers (OEMs), equipment dealers and finance originators across the nation.
Our new web page draws on that experience to answer frequently asked questions about tax-exempt equipment financing for tribal governments. The section discusses:
- The mechanics of tax-exempt lease purchase financing agreements
- Eligible tribal organizations
- Requirements for equipment and property to be deemed “essential use”
- Differences between tribal nation contracts and state and local government contracts
- Five key benefits of tax-exempt lease purchase financing
- Examples of frequently financed equipment and buildings
- Other financing options for “non-essential” equipment
Visit Tax-Exempt Equipment Financing for Tribal Governments to learn more about funding for tribal communities.
Contact Baystone’s Team directly for additional information and specific questions.