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Pooled Leasing
The FNFA will finance short-term debt for purposes of a capital nature including leasing. Participation by First Nations and other First Nation public institutions or agencies is voluntary. All commonly leased assets from office equipment, vehicles and machinery, to land and building will be eligible under the pooled leasing program. The leasing pool is expected to be 1% below prime rate.
The benefits of the pooled leasing program are reduced costs to First Nations and flexibility in financial planning through the financial strength of the collective credit of the FNFA. |
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