Performance Details
Department of Revenue - Municipal Bond Bank Authority
Mission
The mission of the Alaska Municipal Bond Bank is to provide municipalities, joint insurance associations, regional health organizations, the University, and Joint Action Agencies 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.
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Core Services | ||||
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Performance Detail
A: Result - Authorized borrowers will lower their cost of financing or diminish administrative effort |
A1: Core Service - 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. |
Target #1: The Bond Bank will finance 100% of the deals done statewide by authorized borrowers with less than Baa1 ratings.
Statewide Municipal Bond Deals Financed by AMBBA
Analysis of results and challenges: AMBBA programs are reliant on third party factors. Bond deals financed by AMBBA are based on authorized borrower demand and the credit rating of AMBBA is based on the State of Alaska's. |
Current as of December 10, 2020