Municipal Finance Authority
The Regional District of Fraser-Fort George borrows on behalf of the municipalities within its boundaries and for its own use. Debentures are issued to the Municipal Finance Authority of British Columbia for these funds. Although the Regional District is ultimately responsible for the retirement of the debenture debt, the municipalities are responsible for repayment to the Regional District, of their share of this liability. The municipalities' share of the total $111 million liability as at December 31, 2005, is $105.7 million.
For more information, please contact the General Manager of Financial Services.
MFA Phone: (250) 383-1181
Web: http://www.mfa.bc.ca