Cities, counties, towns, and districts can finance or refinance water and wastewater projects through the Public Finance Authority (PFA) at AA rates. PFA will bundle eligible borrower obligations and issue bonds with additional security provided by a bond insurer—Assured Guaranty Municipal Corp. (AGM).
Cities, counties, towns and districts will benefit from:
The following criteria serve as a guide to potential applicants:
After PFA reviews and approves an application, the borrower will authorize and execute a loan or other form of agreement with an opinion from the borrower’s counsel. Through the agreement, the borrower must agree to:
Borrowers must be approved by AGM prior to the issuance of any insurance policy and nothing herein shall constitute an offer to sell or solicitation of any offer to buy any insurance policy.