Technical guides

Public Finance Authority Water/Wastewater Finance Pool

Cities, counties, towns and districts can finance and 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).

Benefits - Cities, counties, towns and districts will benefit from:

  • Low-cost borrowing available through a public offering
  • Simple financing requirements and reduced ongoing reporting burdens
  • Fast and certain access to co-funding or total funding

Eligibility - The following criteria serve as a guide to potential applicants:

  • Sole provider in service area
  • Facilities serve more than 1,000 connections or more than 5,000 total population
  • Independent rate setting authority
  • Loan amounts ranging from $2,000,000 to $30,000,000
  • Senior pledge of gross or net system revenues

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