Municipal Finance Program
Since 1999, MAMU’s Municipal Finance Program has funded more than forty capital projects totaling over $180 million for its members throughout Missouri . The program is available to all Missouri MPUA-MAMU members. Joining our not-for-profit organization is a simple process and membership is open to any municipal owning and/or operating a utility.
MAMU created the finance program by working with some of the most highly respected firms and organizations in the Missouri municipal finance market. The program is designed by municipals for municipals and is tailored to meet their unique needs. Simply stated, our members wanted a mechanism which could leverage multiple projects using the same “joint action/aggregation” concept we use in purchasing electric and gas supplies.
We use the advantages of private capital markets to secure funding resources via a larger “pooled” debt issue from which multiple cities/utilities participate. The result is a program which reduces red tape and is very affordable. The MAMU Municipal Finance Program is efficient, cost effective, timely and flexible. It has been used by member communities to fund infrastructure projects and equipment for a wide array of utility related issues. It has even been used to refinance existing debt.
Payment schedules are flexible, including prepayment options
When compared against alternative sources of funding, the Municipal Finance Program is clearly the first place to look! For Information, contact Ewell Lawson at elawson@mpua.org.