COFIM
Government-owned corporation of Puerto Rico
Headquarters | Guaynabo, Puerto Rico |
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Established | February 1, 2014; 10 years ago (2014-02-01) |
Currency | USD |
The Municipal Finance Corporation —Spanish: Corporación de Financiamiento Municipal (COFIM)— is a government-owned corporation of Puerto Rico that issues government bonds and uses other financing mechanisms to pay or refinance, directly or indirectly, in whole or in part, the debts of the municipalities of Puerto Rico payable or backed by the Puerto Rican municipal sales and use tax.[1] The corporation is an affiliate of the Government Development Bank and is identical to COFINA, save that its funds come from the municipal aspect of the sales tax rather than from the state one.
References
- ^ 19 (PDF). 2014.
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- Consolidated Fund
- General Fund
- Public Improvements Fund
- Special State Funds
- AFI
- AFICA
- Authority for the Financing of Housing
- Authority for the Financing of the Infrastructure of Puerto Rico
- COFIM
- COFINA
- Government Development Bank
- Municipal Financing Agency
- Public Financing Corporation
- Internal Revenue Code
- Sales and Use Tax
- Taxation in Puerto Rico