The RDFFG 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 RDFFG, of their share of this liability.
For more information, please contact Financial Services.
MFA Phone: (250) 383-1181