The Massachusetts Port Authority ("Massport") is an independent public authority of the Commonwealth of Massachusetts, created by act of the legislature in 1956 to own and operate Boston-Logan International Airport, L.G. Hanscom Field, the Tobin Memorial Bridge and certain facilities within the Port of Boston. Massport has the power to issue revenue bonds and issue notes in anticipation thereof, to establish, revise and collect tolls and charges for the use of its facilities, and to maintain, repair and operate and to extend, enlarge and improve its facilities. Massport has the power to acquire property by purchase or through the exercise of eminent domain in certain circumstances. Massport has no taxing power. Massport's bonds and notes do not constitute a pledge of the faith and credit of the Commonwealth of Massachusetts or any political subdivision thereof.
Accessible from this page are Massport's most current Statement of Financial Information and Statistical Data, prepared pursuant to Rule 15c2-12 of the Securities and Exchange Commission, and Massport's most current Consolidated Annual Financial Report ("CAFR"). Massport's Statements of Financial Information and Statistical Data and CAFRs for prior fiscal years may be accessed from Massport's Historical Financial Information page of the website.
Massport IRMA Notice
The following notice has been prepared and made available by the Massachusetts Port Authority (the “Authority”), in light of the Securities and Exchange Commission’s (“SEC”) “Municipal Advisor Rule” under Section 975 of Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In accordance with SEC Rule 15Ba1-1(d)(3)(vi)(B), the Authority is represented by and will rely on the advice of its independent registered municipal advisor with respect to all aspects concerning the issuance of municipal securities and municipal financial products (not including the investment of bond proceeds, and otherwise as those terms are defined in the Municipal Advisor Rule).
Currently, Public Financial Management, Inc (“PFM”) is acting as the Authority’s independent registered municipal advisor. PFM is a registered municipal advisor with the SEC and the MSRB. The primary contacts for PFM are:
50 California St.
San Francisco, CA 94111
(415) 982 – 5544
99 Summer St.
Boston, MA 02110
The Authority will rely upon the advice of PFM in reviewing any bond issuance or other financial proposals prepared by broker-dealers or underwriting firms. Any changes to the Authority’s financial advisor will be posted on the Authority’s investor relations website.