PFC

The Canutillo ISD Board of Trustees created the Canutillo ISD Public Facilities Corporation (PFC) under Chapter 303 of the Texas Local Government Code. 

The Canutillo PFC expands the District’s ability to provide additional incentives for public/private partnerships to facilitate and finance workforce housing by providing 100% ad valoren tax exemption— including property and sales tax.  

A PFC is a nonprofit corporation created by a sponsoring governmental entity. PFCs have broad power over public facilities, including financing, acquisition, construction, rehabilitation, renovation and repair.  A PFC has the authority to issue bonds on behalf of it’s sponsoring public entity, and, once the bonds are funded, the money must be used in accordance with IRS rules and regulations as well as those imposed by the Texas Attorney General.  

The Canutillo ISD PFC was created by a unanimous vote of the Board of Trustees on July 23, 2024.

VISION

The Canutillo ISD Public Facilities Corporation aims to innovate and collaborate for lasting positive change in education and community. 

MISSION 

The Mission of the Canutillo ISD Public Facility Corporationis to redefine the educational landscape by creating innovative and sustainable solutions that stand apart not through competition, but by strongly impacting the community. We are committed to building partnerships across sectors to foster collaboration, ensuring that all stakeholders -- from educators to the wider community -- benefit collectively.