Capital Financing

Twice a year the clients of the MFA present Ministry approved requests to the Authority for funding. Taking into consideration market and economic conditions, the Authority may authorize the issue and sale of securities in an amount sufficient to meet these requests.

The requests are approved by the Members of the MFA at their Annual and Semi-annual meeting each year. The Annual Meeting is usually held at the end of March and the Semi-annual is held in conjunction with the Union of B.C. Municipalities Annual Convention. This convention is held either in late September or early October. If you are unable to make the Issue deadlines, you have the option to go into the interim financing program until the following Issue.

Clients are required to notify (by letter or email to shelley@mfa.bc.ca) and have all necessary documentation forwarded to the Municipal Finance Authority one month prior to these meetings.

With the introduction of the Community Charter and the changes to the Hospital District Act, there have been procedural changes relating to long term borrowing and leasing. Below is the process and forms required to access the Capital Financing Programs.

LGMA - Don't Bomb the Borrowing Presentation June 10, 09.pdf

Borrowing Process

After the Issue

After the Issue has been launched there are required documentation, Demand Notes & Agreements >>>

Spring 2012 Issue

February 29, 2012: Regional District Security Issuing Certificate of Approval application(s) to the Ministry.

February 29, 2012: Regional Hospital District request form(s) and reconciliation sheet(s) to MFA office.


2012 Financial Forum & AGM
Calendar >>>

Contact

Any inquries about bylaw information or deadlines can be directed to Shelley Hahn.

For more information about Capital Financing, please contact Graham Egan or Shelley Hahn.

For more information on MFA meetings or the Financial Forum, please contact Allison Boyd.