What are PBA Loans?

PBA loans refer to loans provided by the Public Building Authority. These loans are typically utilized to finance public infrastructure projects or facilities that serve community needs, such as schools, libraries, and recreational centers. The Public Building Authority facilitates these loans to support governmental entities and improve public infrastructure, thus enhancing community services.

Understanding the nature of PBA loans is crucial for municipal finance officers as these loans can involve various financial terms and conditions specific to public financing, which differ from private lending practices.