About

Learn about Minnesota Higher Education Facilities Authority, including Green Bonds - University of St. Thomas, Featured News, Borrowers, and The Team.
Founded in
1971
Bonds Outstanding as of 6/30/2023
$1,071,553,424
Series of Bonds Issued as of 6/30/2023
247

About Minnesota Higher Education Facilities Authority

The Minnesota Higher Education Facilities Authority (the “Authority”) was formed by the Minnesota Legislature in 1971. The purpose of the Authority is to assist Minnesota based institutions of higher education in the construction, financing and refinancing of capital projects. The legislation authorizing the Authority establishes and affirms that the Authority’s authorized power is an essential public function. The Authority is also authorized and empowered to do all things necessary or helpful to carry out its statutory purpose.

The Authority may have up to $1.3 billion of bonds or notes outstanding at any time. The Authority receives no state funding of any kind. It does not have any taxing power and does not receive any allocation of tax receipts from the state of Minnesota. Authority operations are funded 100% from fees charged to borrowers and investment earnings.

Green Bonds - University of St. Thomas

Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.

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Borrowers

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The Team

Barry W. Fick

Executive Director

(651) 296-4690

info@mnhefa.org

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Amanda G. Lee

Operations Manager

(651) 296-4690

info@mnhefa.org

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