About MFFA

• Home Page
• About Us
• Programs
• Board Membership
• Financings 2009
• Financial-Compliance Audit - June 30, 2008
• Mission
• Goals & Objectives

Programs

• Direct Loan Program
• Equipment Revenue Note
• Montana Capital Assistance Program (MCAP)
• Stand Alone Program
• Trust Fund Loan Program

Despite a challenging 2008 financial environment, we issued $91.5 million in tax-exempt bonds and $3.9 million in other loans for nine major projects, all of which was used directly for new construction and facilities improvements.

Highlights for 2008 include:

• Continuing our 25-year track record of structuring financings, assisting borrowers and maintaining our record of no defaults;



• Working with the Montana Board of Investments, our participating small rural and Critical Access Hospitals (CAH) continue to save millions of dollars in interest costs over the life of the bonds issued; and



• Developing with counterparts throughout the nation legislation that would empower local banks to issue letters of credit backed by the Federal Home Loan Bank, giving borrowers preferred ratings that result in lower interest rates.

• Big Sandy Medical Center: $62,427 loan: purchase laboratory equipment and new central air conditioning system for hospital and clinic. Interest Rate: 3.24% Term: 5 years

• Northern Rockies Medical Center, Inc.: $27,196 loan: purchase laparoscope and surgical headlamp. Interest Rate: 3.47% Term: 5 years

• Eastern Montana Mental Health Center: $74,000 loan: purchase equipment and furniture for its Glasgow, Glendive, Sidney, Forsyth and Miles City facilities. Interest Rate: 2.83% Term: 5 years

• Western Montana Mental Health Center: $132,000 loan: roof replacement Missoula; carpet replacement Dillon; refinish basement Kalispell. Interest Rate: 2.95% Term: 5 years

• Townsend Health DBA Broadwater Health Center: $54,305 loan; purchase radiology picture archival and communication system. Interest Rate: 3.47% Term: 5 years



• Townsend Health DBA Broadwater Health Center: $55,366 loan: purchase blood chemistry analyzer. Interest Rate: 3.39% Term: 5 years

• Glendive Medical Center: $ 30,000,000 in bonds: additions and renovations under Phase II of Facility Master Plan as well as upgrades and relocation of service and electrical lines, and replacement of 3 existing boilers. Interest Rate: 4.91% Term: 25 years Pricing: June 17, 2008 Rating: Aa3/AA-

• Stillwater Community Hospital: $15,000 grant: Scope of Service and Facility Master and Capital Financing Plans.

• Barrett Hospital: $15,000 grant: Scope of Service and Facility Master Plan.

• Missouri River Medical Center: $14,800 grant: Facility Master Plan.

• Big Horn Hospital Association: $14,380 grant: Facility Master Plan.

• Wheatland Memorial Healthcare: $15,000 grant: Facility Master Plan.

• Granite County Medical Center: $12,000 grant: Facility Master Plan.

• Billings Clinic: $60,000,000 in bonds: new cancer center on main campus, relocate outpatient surgery operation, expand Family Birth Center. Interest Rate: 5.36% Term: 20 years Interest Rate: 5.31% Term: 15 Years Pricing: May 27, 2008

• Boyd Andrew Community Services: $1,500,000 in bonds: construct new office building to replace and enlarge outpatient chemical dependency program area. Interest Rate: 5.40% Term: 20 years Pricing: June 18, 2008

• Opportunity Resources, Inc.: $224,900 loan: purchase a home to house four adult clients. Interest Rate: 6.35% Term: 20 years Pricing: February 2008