COFIM

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.

Components of the Puerto Rico Sales and Use Tax, showing the municipal aspect that belongs to COFIM and the state aspect that belongs to COFINA.

References

Government finances in Puerto Rico

Accounting	Budget Debt crisis Government budget balance Public debt

Assets	Consolidated Fund General Fund Public Improvements Fund Special State Funds

Bond issuers	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

Bonds	Bonds issued by Puerto Rico Puerto Rico Sales Tax Revenue Bonds

Other agencies	Department of Economic Development and Commerce Department of Treasury Economic Development Bank Office of Management and Budget Planning Board Public-Private Partnerships Authority

Taxation	Internal Revenue Code Sales and Use Tax Taxation in Puerto Rico

Government-owned corporations of Puerto Rico

Banking	COFIM COFINA Economic Development Bank Government Development Bank

Education	Conservatory of Music School of Plastic Arts University of Puerto Rico campuses

Entertainment	Convention Center Institute of Puerto Rican Culture Performing Arts Center Public Broadcasting Corporation Symphony Orchestra WIPR-AM WIPR-FM WIPR-TV

Industrial development	Economic Development Bank Industrial Development Company

Insurance	State Insurance Fund Corporation

Public utilities	Aqueducts and Sewers Authority Electric Power Authority

Real estate	Convention Center District Authority

Travel and leisure	Tourism Company

Transportation	Automobile Accident Compensation Administration Highways and Transportation Authority Maritime Transport Authority Metropolitan Bus Authority Ports Authority

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