Patent ID: 7953672
Filing Date: 2011-05-31
Classification: G06Q

Abstract:
1. A process for obtaining financing, the process comprising: forming or acquiring an interest in an SPE, with at least one operating requirement that establishes separateness of the SPE from a Municipal Entity or one or more separate business entities; arranging for the transfer or assignment of the Municipal Entity's or one or more separate business entities' Municipal Facility or lease obligations to the SPE; arranging for the transfer or assignment of rights to revenues of the Municipal Facility to the SPE; forming a lessee or loan or other contractual relationship with the SPE wherein one or more third parties pay revenues to the SPE; engaging a rating agency to determine, in a programmed machine, computer-generated credit factors, including essentiality and demonstrable demand for the use of services or improvements furnished by the Municipal Facilities; requesting that the credit rating agency assign a credit rating for the financing, based on the SPE legal structure and the credit factors and reliable projected revenues of the SPE, the assigned credit rating being superior to a credit rating available to the Municipal Entity owner of the Municipal Facilities or one or more business entities primarily operating or using the Municipal Facilities; securing ESFRB financing for the Municipal Facilities on a basis of obtaining the assigned credit rating including issuing ESFRBs with a rating established at least in part in view of the legal protections afforded by the separateness of the SPE and the demand for the essential services and improvements furnished by such Municipal Facilities; and allocating the funds financing for purchase, construction or renovation of Municipal Facilities.