Finance
Investor Relations
Massport is an independent public authority of The Commonwealth of Massachusetts, created by act of the legislature in 1956. Massport owns and operates Boston Logan International Airport, L.G. Hanscom Field, Worcester Regional Airport, Conley Container Terminal, Flynn Cruiseport Boston, and certain other facilities within the Port of Boston.
Massport has the power to issue revenue bonds and issue notes in anticipation thereof, to fix, revise, charge and collect tolls, rates, fees, rentals and charges for the use of its facilities, to maintain, repair and operate and to extend, enlarge and improve its facilities, and to construct or acquire additional facilities within the Commonwealth when authorized by the legislature of the Commonwealth. Massport also has the power to acquire property by purchase or through the exercise of the right of eminent domain in certain circumstances and, in certain instances, to sell or exchange property owned by it when the same shall, in the opinion of Massport, cease to be needed. Massport has no taxing power and generally receives no money from the Commonwealth’s budget. Its bonds do not constitute a debt or a pledge of the full faith and credit of The Commonwealth of Massachusetts.
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 (SEC), contained in Massport’s most current Annual Comprehensive Financial Report (ACFR).
Massport Independent Registered Municipal Advisor (IRMA) Notice
The following notice has been prepared and made available by Massport, in light of the SEC’s 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), Massport 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, PFM Financial Advisors, LLC (PFM) is acting as Massport’s independent registered municipal advisor. PFM is a registered municipal advisor with the SEC and the Municipal Securities Rulemaking Board (MSRB). The primary contacts for PFM are:
Brian Gallucci
PFM Financial Advisors, LLC
44 Montgomery St., 3rd Floor
San Francisco, CA 94104
Phone: 415-982-5544
June Matte
PFM Financial Advisors, LLC
100 High Street, 23rd Floor
Boston, MA 02110
Phone: 617-339-6914
Massport 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 Massport’s financial advisor will be posted on the Authority’s investor relations website.