Bank Qualified Issuers

Governmental entities which will not issue, or reasonably expect not to issue, more than $10.0 million in new tax exempt interest rate debt of all kinds (leases, financing agreements, notes, anticipation notes, bonds) in the CALENDAR year of the financing.

The designation is made by the issuer/Lessee on a calendar year basis and relates to new issues or debt incurred in that year, not prior year issue outstanding obligations.

Non Bank Qualified Issuers

Governmental entities which will issue more than $10.0 million of new tax exempt debt in any CALENDAR year.