Performance Details

Department of Revenue - Municipal Bond Bank Authority

• Return to Departments
• Department of Revenue website

Mission

The mission of the Alaska Municipal Bond Bank is to provide municipalities with financing options for capital projects.

Core Services

• Provide expertise and the lowest cost financing for Alaska's authorized borrowers that either diminish administrative burden of borrower, diminish the cost of borrowing, or both.

Mission Results	Core Services
A: Authorized borrowers will lower their cost of financing or diminish administrative effort  Details > TARGET #1: 100% of new financings will result in savings or diminished administrative effort.	A1: Provide expertise and the lowest cost financing for Alaska's authorized borrowers that either diminish administrative burden of borrower, diminish the cost of borrowing, or both.  Details > TARGET #1: The Bond Bank will finance 100% of the deals done statewide by authorized borrowers with less than Baa1 ratings.

Performance Detail

Target #1: 100% of new financings will result in savings or diminished administrative effort. New Financings That Resulted in Savings Fiscal Year Percent Aggregated Savings FY 2019 100% $4.3 million FY 2018 100% $3.4 million FY 2017 100% $41.2 million FY 2016 100% $75.3 million FY 2015 100% $25 million FY 2014 100% $12.7 million FY 2013 100% $19.6 million FY 2012 100% $17.2 million FY 2011 100% $13.6 million FY 2010 100% $9.6 million Analysis of results and challenges: In each fiscal year shown, all authorized Alaskan borrowers that borrowed funds through the Alaska Municipal Bond Bank Authority are projected to be paying less debt service (realized savings) than they otherwise might have using other means of financing their project or diminished the administrative burden of their staff.

Current as of November 27, 2019