Conduit issuer
Public Finance Authority
Issues for projects in any state, with the host jurisdiction’s approval and the host state’s volume cap. What fund holdings show about its bonds, and what the issuer itself publishes about fees, size limits and board meetings.
In fund portfolios
Registered funds reported $15.4B of Public Finance Authority bonds across 252 funds in the latest quarter (+$2.0B over the quarter). Filers report the issuer under 36 name variants, merged here. Holdings cover all of the issuer’s conduit bonds — housing, nonprofit and transportation as well as industrial — so they show buyer familiarity, not manufacturing volume.
$6.5B · 10 quarters ago$15.4B · latest
Fees, limits and how to apply
| Item | As published | Source |
|---|---|---|
| Official website | pfauthority.org | pfauthority.org |
| Bond programs | Conduit tax-exempt and taxable bonds; programs listed: 501(c)(3) nonprofit, affordable multifamily housing, IDBs/manufacturing, exempt facilities/solid waste, airport, taxable bond program, municipal, water/wastewater pooled bond program, asset ownership. | pfauthority.org |
| How to apply | pfauthority.org | pfauthority.org |
Not found on an official page: size limits, board meetings, fee amounts. Ask the issuer directly; we do not estimate these.
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Methodology
Holdings are positions reported by SEC-registered funds on Form N-PORT, matched to issuers and merged across name variants by Securitief; matching can be wrong. Issuer facts were read on the issuer’s own website or official documents in October 2026; nothing is inferred. Inclusion is not an endorsement or a recommendation of any issuer.
Important information. Securitief Research is published by Securitief, operated by Applied America. Securitief is not a placement agent or underwriter and does not seek or receive compensation from any financing, including financings of issuers and borrowers discussed here. It is not acting as a municipal advisor and owes no fiduciary duty to any issuer or obligated person unless separately engaged in writing.
This material is general information. It is not tax, legal, investment or municipal advice, a recommendation, or an offer to sell or a solicitation of an offer to buy any security. Offers are made only by offering documents and only where permitted by state securities laws. State allocation procedures change; confirm current rules with the allocating agency and bond counsel.
Sources: SEC Form N-PORT and FDIC call reports (holdings), IRS and Census (volume cap and population), state agency publications. Issuer classification and aggregation are Securitief’s own and may contain matching errors; figures may be revised. No licensed index levels (MMD, BVAL, ICE) or EMMA trade data are used. Past holdings do not indicate future demand, pricing or the availability of financing. Interest on private activity bonds may be subject to the alternative minimum tax; tax treatment depends on the facts and the opinion of bond counsel.