Learn about Minnesota Higher Education Facilities Authority, including Featured News, Borrowers, The Team, and 50th Anniversary.

Founded in
Bonds Outstanding as of 6/30/2021
$989.1 million
Series of Bonds Issued as of 6/30/2021

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.


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The Team

Barry W. Fick

Executive Director

(651) 296-4690


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Amanda G. Lee

Operations Manager

(651) 296-4690


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50th Anniversary

50th Anniversary 

We will use this page to share updates regarding our 50th Anniversary and upcoming plans for annual conferences. 

April 12, 2022: The Minnesota Higher Education Facilities Authority is rescheduling its Annual Conference on Financing Issues for Higher Education to later in summer 2022 to coincide with the opening of the new Authority office, located in Eagan. We hope you will be able to join us for the Conference and celebrate the opening of the Authority's new office. Check our website, mnhefa.org, regularly for updates on this summer's conference.”

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