Louisiana Public Facilities Authority (LPFA)
Financial ServicesLouisiana, United States11-50 Employees
The LPFA is a financing authority in the financial services sector based in Baton Rouge, Louisiana. It was created in 1974 as a public trust and a corporation by the Public Facilities Corporation, with the State of Louisiana designated as beneficiary. The authority can issue taxable and tax-exempt bonds to fund a range of facilities and programs, including educational facilities, hospitals, student loans, industrial and economic development projects, and other essential government initiatives. LPFA operates as a self-supporting entity funded by fees on bonds it issues and has not received state tax support or appropriations for its operations. The organization employs between 11 and 50 people and maintains a website at lpfa.com; in 2018 it launched an interactive site to feature its 2017 Annual Report.