Financial Services / Municipal Finance Authority of BC

The Regional District of Fraser-Fort borrows money from the Municipal Finance Authority of BC on behalf of member municipalities (City of Prince George, District of Mackenzie, Village of McBride and Village of Valemount) within its boundaries, and for its own use. Debentures are issued for these funds. Although the Regional District is ultimately responsible for the retirement of the debenture debt, the member municipalities are responsible for repayment to the Regional District for their share of this liability.