Montana Facility Finance Authority
The Montana Facility Finance Authority is the primary issuer of municipal bonds for Montana's health care organizations, continuing care residential programs and community service providers. Created in 1983 to provide not-for-profit health care providers with access to low-cost capital, the Authority's statutory powers have been expanded beyond the traditional health care arena to the point where the legislature changed its title from the Montana Health Facility Authority to the present title.
The majority of the Authority's financings have been completed on behalf of acute care hospitals; however, we have also provided capital for long-term care facilities, assisted living facilities, retirement facilities, outpatient centers, homes for persons with developmental or mental disabilities, chemical dependency centers and pre-release centers. Many other facilities are also eligible for the Authority financing programs.
The Authority's current initiatives include: