The Kentucky Interlocal School Transportation Association (KISTA) is a not-for-profit association of Kentucky school districts. KISTA was formed by a group of superintendents with the intention of providing school districts with a financing tool for purchasing school buses. RSA was instrumental in the formation of KISTA and serves as its Financial Advisor. KISTA expanded its program to include technology financing and a new program focused on energy improvement projects.
Each year KISTA offers this program to school districts to finance the purchase of new school buses and take advantage of tax-exempt financing rates. To date, KISTA has financed over 3,600 school buses totaling more than $210 million.
Download KISTA Particpation Package
KISTA also offers a pooled auction for selling used buses. This program gives districts access to used bus vendors nationwide through a sealed bid which affords better prices for their used buses.
Download KISTA Used Bus Sale Bid Package
KISTA received an allocation of federal tax credits which allowed for a $25 million pool of 0% interest, seven year loans. Loans were made to school districts in Kentucky and were used to fund technology for “intelligent classrooms”.