Providing local governments and state agencies an alternative way to finance real estate and equipment through OST's Certificates of Participation (COP) Program
The Office of the State Treasurer operates two Certificates of Participation (COP) programs: the LOCAL Program and State Lease-Purchase Program. COPs provide Washington local governments and state agencies with an alternative way to finance essential real estate and equipment over a multi-year period. The program is structured to ensure agencies benefit from economies of scale and the State’s low tax-exempt financing rates.