Financial Services

ACCG offers several programs to assist Georgia counties with financial needs ranging from purchasing equipment and financing facilities to assisting with short-term operating needs. Tap in to ACCG’s expertise and established partnerships in these areas to help your county get competitive financing rates. Information on ACCG’s financial services programs is provided below.

For more information on any of these programs, contact:

Brent Williams, Member Services
Phone: 404.522.5022

Equipment Leasing Program

Leasing can be a very economical and competitive way to finance large or multiple equipment purchases. Through ACCG’s Equipment Lease Program, Georgia counties are able to finance the purchase of equipment without incurring county debt. The program may be used to obtain all kinds of equipment, such as 911 telecommunications systems, safety and other vehicles, computers, and road maintenance equipment, making “paying-as-you-go” financing a viable option.

To keep administrative and financing costs low, the program offers an easy to complete, simple application with standard closing documents. Through the program, participating banks compete to offer the needed financing, helping to ensure competitive financing rates.

The program enables ACCG to lease equipment purchased to counties using funds provided by the program’s participating banks, currently BB&T and Regions. Financing can be for a period of time not to exceed the useful life of the equipment financed and counties must meet established credit tests to qualify for the program. Counties are strongly encouraged to group their equipment purchases into one transaction to get the best financing rate.

During the first year of the program, fourteen (14) counties have completed applications and financed over $3.1 million in equipment purchases with an average interest rate of 1.69%.

How does the program work? Counties interested in using the program should:

  • Interested counties should contact Brent Williams at 404.522.5022 or to discuss their needs.
  • Download and submit the program application: Word Version | PDF Version
  • Competing banks have ten (10) days after receiving an application to issue a quote. 4. The county has 2-5 days to accept or reject any or all the quotes and 30 days to complete the financing documents.

Facilities Financing Program

County governments are increasingly called upon to construct capital facilities to meet service demands, due to population growth or because of federal or state requirements. Counties have a number of options available to pay for these projects, including cash financing, general obligation or revenue debt, special purpose local option sales tax, federal or state grants, or lease-purchase contracting. Under the ACCG Facilities Financing Program, funds to pay for participants' projects are raised through the sale of ACCG securities in the financial marketplace or through direct bank loans. To participate, counties must meet standard measures of financial stability and must need the funds for essential county government purposes. The timing of each issue is dictated by participating counties' needs and market conditions. Participating counties lease their facilities from the association until their final lease payment is made. Within the past five years, ACCG has participated and assisted with over $275 million worth of projects.

Short Term Operating Expenses

Numerous counties borrow short-term operating funds in anticipation of property tax revenues being received by the county. Short-term borrowing is specifically authorized under the Georgia Constitution, so long as loans are repaid in the calendar year during which they are made. This financing option is called a Tax Anticipation Note (TAN).

ACCG can assist counties in securing competitive TAN financing. This ACCG offering allows counties to participate in a program with a history of low, competitive interest rates combined with the expertise to ensure compliance with all federal and state legal and regulatory requirements. Counties already pre-approved for participation in the Equipment Leasing Program are automatically authorized to participate in the TAN Program.