PFA Public Finance Authority

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Public Finance Authority

Public Finance Authority (“PFA”) is a political subdivision of the State of Wisconsin created for the purpose of issuing tax-exempt and taxable conduit bonds for public and private entities nationwide. PFA is sponsored by the National Association of Counties, the National League of Cities, the Wisconsin Counties Association and the League of Wisconsin Municipalities. Click here to learn why NACo and NLC collaborated to create PFA.

PFA partners with local governments to assist in the financing of public benefit projects that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities.

Independent Registered Municipal Advisor Exemption

By publicly posting the following written disclosure, the Public Finance Authority (“PFA”) intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.  PFA has retained an independent registered municipal advisor.   PFA is represented by and will rely on its municipal advisor GPM Municipal Advisors, LLC (“GPM”) to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products.  This certificate may be relied upon until July 1, 2016.  Proposals may be addressed to PFA, care of any of the Program Managers listed on PFA’s Contact Us page.  All proposals received will be shared with PFA’s municipal advisor.

Cost Effective

PFA is authorized to issue bonds in all 50 states providing economies of scale for multi-jurisdictional projects. Additionally, the use of tax-exempt bonds to finance a project significantly reduces the borrower’s costs in the form of a lower interest rate.


PFA works directly with cities and counties to accelerate economic development with financing programs, including those available through the American Recovery and Reinvestment Act (ARRA).

Accountable and Transparent

PFA’s governance structure and local government oversight and approval requirement for each financing ensure accountability and transparency.


PFA works effectively and efficiently with each borrower’s finance team to satisfy the requirements of the government approval process, including local TEFRA approval and securing volume cap (if applicable).

Financial Access

PFA increases access to the municipal bond market by providing technical assistance to local governments that may otherwise be unable to issue conduit bonds due to limited resources.


PFA is operated by program management staff with more than 20 years of experience in tax-exempt private activity and municipal finance, including post-issuance compliance requirements.


PFA does not have established lists of preferred finance professionals and will consider all requests to work with pre-assembled finance teams.


PFA, its Sponsors and Founding Members engage in marketing and awareness activities to local businesses throughout the country creating additional opportunities for finance professionals to bring financings to the market.

Contact us today at (888) 508-7188.


Nationwide Reach with PFA

PFA has issued bonds for projects in 37 states.

PFA Releases Report on Job Creation and Revenue Impacts

The PFA commissioned an independent study to analyze the estimated number of jobs and revenue impact to each local community as a result of the PFA financing new construction projects. Click here to view the report.

What's New

Sep 28 2015

On September 28, 2015, the Public Finance Authority had the opportunity to review municipal bonds with students at the University of Wisconsin-Madison. Phil Letendre, Program Manager, guest lectured undergraduate students enrolled in UW’s Urban and Regional Economics course at the request of Mr....

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Sep 01 2015

The Public Finance Authority (PFA) has provided $29 million in revenue bonds to finance and refinance the costs of constructing, equipping and improving the Charlotte Country Day School (herein known as “CCDS”) located in Charlotte, North Carolina.

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Aug 28 2015

The Public Finance Authority (PFA) has provided $13 million to finance and refinance the costs of acquiring, constructing, equipping and improving capital improvements of the Research Triangle High School located in Durham, North Carolina.

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