Supervisors authorize tax-exempt funding for River Springs Charter School

The California Enterprise Development Authority will be providing tax-exempt financing to River Springs Charter School.The CEDA issuance of revenue anticipation notes required the approval of the Riverside County Board of Supervisors, who gave that authorization July 28 on a 4‑0 vote with Manuel Perez absent. The CEDA was authorized to issue up to $15,000,000 of tax-exempt obligations.The California Enterprise Development Authority is a joint powers authority that issues private activity bonds for the purpose of economic and community development. The CEDA has 285 members throughout the state and the members include counties, cities, and special districts. The entity finances education, health care, cultural facilities, affordable multi-family housing and senior housing, manufact
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