Maine Municipal Bond Bank
The Maine Municipal Bond Bank is an independent Maine state agency that issues AA+/Aa1-rated tax-exempt bonds and administers revolving loan programs providing low-cost capital to the state's cities, towns, school systems, water/sewer districts, and transportation infrastructure projects.
- Company typePrivate
- Founded1971
- HeadquartersAugusta, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Maine Municipal Bond Bank does
The Maine Municipal Bond Bank is an independent state agency created in 1971 by the Maine State Legislature and administered by a board of commissioners appointed by the Governor. It serves as a municipal financing conduit for Maine's cities, towns, school systems, water and sewer districts, and other governmental entities, issuing highly rated tax-exempt bonds (AA+/stable from S&P, Aa1/stable from Moody's on the General Resolution Program) and managing revolving loan funds for infrastructure projects. The Bond Bank operates five core programs: the General Resolution Program for general municipal capital needs, the Clean Water State Revolving Fund (jointly administered with the Maine Department of Environmental Protection), the Drinking Water State Revolving Fund (jointly administered with the Maine Department of Health and Human Services), the School Revolving Renovation Program (jointly administered with the Maine Department of Education, offering 0% interest loans with partial forgiveness), and the GARVEE/TransCap transportation bond programs (in cooperation with the Maine Department of Transportation).
Revenue is generated through bond issuance fees, annual servicing fees (ranging from 1.5% to 5% of annual debt service depending on the program), and administrative fees charged to borrowers. Pricing varies by program — School Revolving offers 0% with forgiveness, SRF programs offer at or below-market rates with semi-annual billing, and General Resolution issuances are structured as multi-year contracts. The go-to-market is relationship-driven and relies on direct outreach to Maine governmental entities plus referrals from partner state agencies (DEP, DHHS, DOE, MaineDOT). The Bond Bank additionally facilitates access to PowerOptions programs for energy procurement and decarbonization services.
Maine Municipal Bond Bank firmographics
Firmographics- Name
- Maine Municipal Bond Bank
- Legal name
- Maine Municipal Bond Bank
- Website
- https://mmbb.com
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Maine Municipal Bond Bank is an independent Maine state agency that issues AA+/Aa1-rated tax-exempt bonds and administers revolving loan programs providing low-cost capital to the state's cities, towns, school systems, water/sewer districts, and transportation infrastructure projects.
- Ownership category
- akta.pro rank
Maine Municipal Bond Bank industry classification
Industry- Product category
- Public Municipal Finance
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Municipal Bonds (FSACABAE)
- akta.pro secondary industry
- Municipal/Local Government Development Banks (FSABAKAI)
Keywords
Where Maine Municipal Bond Bank is headquartered
LocationHeadquarters
- HQ city
- Augusta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Maine Municipal Bond Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Revenue model
- Bond Issuance & Servicing: The Bond Bank generates revenue by issuing highly rated tax-exempt bonds to investors and providing low-cost loans to municipalities. Revenue comes from issuance costs, annual servicing fees (5% of annual debt service for DWSRF), and administrative fees charged to borrowers.
- State Revolving Fund Administration: Administers Clean Water and Drinking Water State Revolving Funds in partnership with state agencies. Fees include DEP administrative fee (3.5% of annual debt service) and Bond Bank servicing fees (1.5% of annual debt service for CWSRF).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | School Revolving Renovation Program - 0% Interest with Loan Forgiveness |
| Usage-based | Semi-annual | Drinking Water SRF - Below-Market Rates |
| Usage-based | Semi-annual | Clean Water SRF - Below-Market Rates |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Maine Municipal Bond Bank product offering
Product offeringCore offering
The Maine Municipal Bond Bank issues highly rated tax-exempt bonds to investors in capital markets and on-lends the proceeds at low or below-market rates to Maine's cities, towns, school systems, water and sewer districts, and other governmental entities for infrastructure projects. Its programs include the General Resolution Program, GARVEE and TransCap transportation programs, the Clean Water and Drinking Water State Revolving Funds, and the School Revolving Renovation Program, which together provide low-cost capital for schools, water/wastewater systems, and highway and bridge projects. The Bond Bank charges issuance costs, annual servicing fees, and administrative fees on these loans.
Product overview
Maine Municipal Bond Bank operates as a state financing agency offering multiple loan programs for Maine municipalities. The core offerings include the General Resolution Program for tax-exempt bond financing, the GARVEE and TransCap Programs for transportation infrastructure (highways and bridges), the Clean Water SRF and Drinking Water SRF Programs for water/wastewater infrastructure, and the School Revolving Renovation Program for school facility improvements. Additionally, the Bank facilitates access to PowerOptions programs for energy procurement and decarbonization services. The programs work together to provide Maine governmental entities with access to low-cost capital through the Bond Bank's strong credit ratings (AA+/Aa1).
Differentiator
Problem solved
Functional benefit
Companies that use Maine Municipal Bond Bank
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Maine Municipal Bond Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Maine Municipal Bond Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Maine Department of Transportation (MaineDOT)coreThe Bond Bank works in cooperation with MaineDOT to issue GARVEE bonds (Grant Anticipation Revenue Vehicle bonds) and TransCap revenue bonds. Bond proceeds are used at MaineDOT's direction for transportation projects including highway construction/reconstruction and bridge projects statewide.
- Maine Department of Health and Human Services (DHHS)coreJointly administers the Drinking Water State Revolving Fund (DWSRF) with DHHS serving as project manager. DHHS determines project eligibility, maintains the project priority list, and approves projects for financing.
- Maine Department of Environmental Protection (DEP)coreJointly administers the Clean Water State Revolving Fund (CWSRF) with DEP serving as environmental and project manager. DEP determines project eligibility and approves projects for wastewater financing.
- Maine Department of EducationcoreJointly administers the School Revolving Renovation Loan Fund (SRRF). The Bond Bank serves as administrator and financial manager while the Department of Education serves as project manager, determining project eligibility and ranking.
- PowerOptionsminorMaine PowerOptions programs transitioned to PowerOptions, a peer organization serving Massachusetts, Connecticut, Rhode Island, and now Maine. Maine PowerOptions members gained access to PowerOptions' full suite of programs including competitive energy procurement, solar, EV charging, and decarbonization planning.
Scale indicators4 records
Recent moves6 records
Expansion highlights3 records
Maine Municipal Bond Bank competitors and assessment
Company assessmentDirect peers
- Connecticut Green Bank: Connecticut's state green infrastructure bank issues bonds and provides financing for clean energy and municipal sustainability projects, paralleling MMBB's PowerOptions energy/decarbonization expansion and infrastructure-lending structure.
- Vermont Municipal Bond Bank: Vermont's state municipal bond bank is the most directly comparable peer — a similar independent state agency issuing tax-exempt bonds to provide below-market financing to Vermont municipalities, schools, and water/sewer districts, with overlapping statutory structure.
- New Hampshire Business Finance Authority: New Hampshire's state finance authority operates municipal bond and loan programs for governmental and nonprofit borrowers, with a similar relationship-driven model to MMBB and comparable program diversification.
- Rhode Island Infrastructure Bank: Rhode Island's state infrastructure bank issues bonds and administers SRF-style programs for water, wastewater, transportation, and municipal infrastructure — a near-identical state bond bank + SRF administrator hybrid model.
- MassDevelopment: Massachusetts's statewide finance and development authority issues bonds and provides financing programs for municipalities, schools, and infrastructure — closely mirroring MMBB's General Resolution and school-facility programs but at a larger scale.
Broad incumbents
- Pennsylvania Infrastructure Investment Authority (PENNVEST): PENNVEST provides low-cost financing for Pennsylvania's drinking water, wastewater, stormwater, and brownfield projects through bond proceeds and federal SRF capitalization — directly comparable to MMBB's CWSRF/DWSRF programs at larger scale.
- New York State Environmental Facilities Corporation: NYS EFC administers the Clean Water and Drinking Water SRFs and issues bonds for water quality infrastructure at much larger scale — comparable to MMBB's joint SRF administration and bond issuance role but in a much larger state.
Others
- Build America Mutual: A mutual bond insurer providing credit enhancement on municipal bond issuances — adjacent to MMBB's issuance function since it underpins investor confidence in municipal bond credit quality (a factor in MMBB's own AA+/Aa1 ratings).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Maine Municipal Bond Bank social profiles
Digital presenceMaine Municipal Bond Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Maine Municipal Bond Bank leadership team
Management profileNumber of profiles
Profiles7 records
Maine Municipal Bond Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Maine Municipal Bond Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Maine Municipal Bond Bank
What does Maine Municipal Bond Bank do?
The Maine Municipal Bond Bank issues highly rated tax-exempt bonds to investors in capital markets and on-lends the proceeds at low or below-market rates to Maine's cities, towns, school systems, water and sewer districts, and other governmental entities for infrastructure projects. Its programs include the General Resolution Program, GARVEE and TransCap transportation programs, the Clean Water and Drinking Water State Revolving Funds, and the School Revolving Renovation Program, which together provide low-cost capital for schools, water/wastewater systems, and highway and bridge projects. The Bond Bank charges issuance costs, annual servicing fees, and administrative fees on these loans.
Is Maine Municipal Bond Bank a public or private company?
Maine Municipal Bond Bank is a private company. It is classified as state government owned and is currently operating.
When was Maine Municipal Bond Bank founded?
Maine Municipal Bond Bank was founded in 1971. It employs 1 to 10 people.
Where is Maine Municipal Bond Bank based?
Maine Municipal Bond Bank is headquartered in Augusta, United States, in the North America region.
How does Maine Municipal Bond Bank make money?
Two revenue lines are on record. Bond Issuance & Servicing is the primary driver. The others are state Revolving Fund Administration.
Who are Maine Municipal Bond Bank's main competitors?
Direct peers on record are Connecticut Green Bank, Vermont Municipal Bond Bank, New Hampshire Business Finance Authority, Rhode Island Infrastructure Bank and MassDevelopment. Broad incumbents are Pennsylvania Infrastructure Investment Authority (PENNVEST) and New York State Environmental Facilities Corporation. Build America Mutual is listed as an others.
Does Maine Municipal Bond Bank have an API?
No public API is recorded for Maine Municipal Bond Bank.
What industry is Maine Municipal Bond Bank in?
Maine Municipal Bond Bank's product category is Public Municipal Finance. Its primary akta.pro industry code is FSACABAE, Municipal Bonds, with a secondary code of FSABAKAI, Municipal/Local Government Development Banks. Its NAICS code is 5222 and its SIC code is 6211.