FINANCING & INVESTING FOR LOCAL GOVERNMENTS
Fixed Rate - 5 to 30 years 10 year loan rate 2.27%
Variable rate - up to 5 years Daily floating rate 1.39%
Variable rate - up to 25 years* Daily floating rate 1.39%
* see program details for further information
Daily Price - August 30, 2016
Money Market Fund - 10.000
Intermediate Fund - 9.9980
Bond Fund - 10.0324
Municipal employees and elected officials
Please see our Memorandum outlining record-keeping and valuation changes
MFA eliminates issue costs - In 2016, cash proceeds from long-term borrowing will now be 99% of the Gross Loan Request. There will be no deduction for issue costs
Tax Levy Rates for 2016 now available
New Actuarial Rate: For borrowers in participating in our Fall 2016 issue and future issues, the actuarial rate will be set at 3.0% memo.
Fall 2016 Borrowing Opportunity: details and deadlines
BCMFA Credit Ratings
Moody's: Aaa "Stable"
Fitch: AAA "Stable"
Standard & Poor's: AAA "Stable"
Short Term Ratings
Standard & Poor's: A-1+
Bond Rate - 10 year
Tools / Resources
Find status of loans, issue highlights, amortization schedules and historical rates.