Alberta Capital Finance Authority

2019 Provincial Budget Update



The Government of Alberta (GoA) released the 2019 Provincial Budget on Thursday, October 24. In the budget, government indicates it will introduce legislation to dissolve the Alberta Capital Finance Authority (ACFA). The program of providing low-cost loans to local authorities would be continued by the province. (For more detail, please refer to Page 168 of the 2019–23 Fiscal Plan).

The dissolution of the ACFA would not occur immediately but in phases. ACFA would continue to grant new loans and administer existing loans until the transition is complete. At the same time, government and ACFA staff would identify, and implement where possible, the actions required to transfer lending and loan administration responsibilities to government.

ACFA is working diligently to gather information about the transition process and will endeavor to share any updates as they become available. What remains unchanged is ACFA’s commitment to its borrowers during the transition. The loan issuance process will continue as usual during the transition and ACFA will continue to provide the level of service delivery our borrowers expect.

Further questions or comments can be directed to either the Alberta Capital Finance Authority or to Treasury Board and Finance, Government of Alberta.

 


 

See below for our mission, information about the Alberta Capital Finance Authority (ACFA),
and contact information. See the menu on the left for information available on this website.

Mission

To provide shareholders within the Province of Alberta with flexible funding for capital projects on a prudent basis consistent with the viability of the Alberta Capital Finance Authority.

About the ACFA

The ACFA is a non-profit Corporation established in 1956 under the authority of the Alberta Capital Finance Authority Act (Alberta). For more information on ACFA's purpose, financing, financial statements, mandate and roles, please read our Information Memorandum, Policies and Mandate and Roles document.

Contact Us

2090, Sun Life Place, 10123 - 99 Street NW
EDMONTON, Alberta T5J 3H1
Phone: 780-427-9711;  Fax: 780-422-2175
EMAIL: webacfa@acfacapital.ca