The Guam Education Financing Foundation, Inc. ("GEFF") is a non-profit corporation formed by Iron Bridge to further public/private partnerships in the education arena. GEFF has partnered with GovGuam to design, build, finance and lease back four new schools in Guam and leveraged grant monies from the U.S. Federal Government. These schools include Okkudo High School, Astumbo Elementary School, Liguan Elementary School and Adacao Elementary School.
GEFF completed the last school (Adacao) in August of 2009,
and was proud to have completed all four new schools on time and on budget, based on GovGuam’s delivery of the land. In
one case, GEFF delivered Okkudo High School early to accommodate the start of the 2008 school year. In pursuing the transaction, after winning the RFP initial process, GEFF was instrumental in furthering required legislation, earning the approval of the Governor of Guam and the Guam Attorney General, and sought and received a declaratory judgment ensuring the legality of the innovative financial structure under Guam law. Further GEFF worked with U.S. Federal agencies involved to satisfy U.S. procurement issues and NEPA compliance.GEFF’s first transaction now serves as a model for partnerships involving the U.S. Federal Government, its territories and private industry. |
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GEFF is headquartered in the Atlanta office, with significant operations in Guam and currently employs directly or indirectly, a number of people in Guam involved in the ongoing maintenance, repair and custodial work at the new schools.
For a case study of GEFF click here |
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