UMBA Bonds

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University of Massachusetts Building Authority (UMBA) Bonds

The University of Massachusetts Building Authority is a distinct, public organization established by the Massachusetts Legislature in 1960. Its mission is to aid and contribute to the performance of the educational and other purposes of the University by providing dormitories, dining commons and other buildings and structures on the University campuses. To fulfill this mission, the Authority borrows funds through the issuance of tax-exempt and taxable bonds and carries out these construction projects at the discretion of the Trustees of the University.

Latest UMBA Bond transaction:

UMBA 2010 Bond Series

On October 21, 2010, UMBA issued its $118,985,000 Project Revenue Bonds, Senior Series 2010-1 ("2010-1 Bonds"), its $430,320,000 Project Revenue Bonds, Senior Series 2010-2 (Federally Taxable - Build America Bonds )("2010-2 Bonds"), and its $3,005,000 Project Revenue Bonds, Senior Series 2010-3("2010-3 Bonds").

The 2010-1 and 2010-2 Bonds were issued to finance a number of projects including a new student residence hall on the Amherst campus, a new academic building and the relocation of University Drive North and University Drive West on the Boston campus, property acquisitions and the construction of the South campus parking garage on the Lowell campus, and the construction of a Biomanufacturing facility, the construction of the SMAST/Marine Fisheries facility, and the acquisition of the Advanced Technology Manufacturing facility on the Dartmouth campus. The 2010-3 Bonds were issued to finance operating expenses at the University of Massachusetts School of Law on the Dartmouth campus.

For more information on UMBA, please visit http://www.massachusetts.edu/buildingauthority/bahome.html

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