Overview
The Government of Alberta offers capital financing to eligible municipal, regional, health, and education authorities for their capital projects. The government borrows from the capital markets and provides loans to municipal authorities, airport authorities, regional service commissions, health authorities, and education authorities in Alberta.
Important Dates
Upcoming loan issuance and application deadlines
Issue date | Application deadline |
June 15, 2023 | May 1, 2023 |
September 15, 2023 | July 29, 2023 |
December 15, 2023 | October 31, 2023 |
Loan Information
General loan terms: Refer to the Guide: Loan Types and Terms
| Examples of Eligible Loan Purposes | ||
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- Roads, bridges, grading, and graveling
- Curb, gutter, and sidewalk construction
Culverts - Landfill expansion and development
- Vehicles and equipment
- Fire and ambulance equipment
- Computer hardware and software
- Transit and airport infrastructure
- Land purchases and buildings
- Irrigation and drainage
- Utility infrastructure (water, sewer, gas, electric)
- Energy retrofits
Interest rates
Eligibility
Eligible local authorities include:
- Municipal authorities: Cities, Towns, Villages, Improvement Districts, Municipal Districts, Counties, Special Areas, Specialized Municipalities, Metis Settlements.
- Regional authorities: Regional Service Commissions, Drainage Districts, Irrigation Districts, Regional Airport Authorities.
- Education authorities: School Divisions under the Education Act, Northland School Division, Comprehensive Community Colleges, Polytechnic Institutions, Universities, The Banff Centre.
- Health authorities: Regional Health Authorities, Non-profit Corporations that own approved hospital under the Hospitals Act, Non-profit Corporations that own a mental health hospital under the Hospitals Act, Provincial Health Boards.
Municipal Authorities | Regional Authorities | Education Authorities | Health Authorities |
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How to Apply
A separate loan application is required for each capital project. The following documents are necessary for all applicants:
- Loan Application
- A certified true copy of Authorized Borrowing Bylaw or Resolution
- Most recent audited financial statement
- Loan calculator schedule
Additional documents may be required based on the authority type. Application forms are available in the Forms and Templates section.
Programs
Additional information about the Loans to Local Authorities can be found on their website.
