MCRA
Montgomery County Revenue Authority
The Montgomery County Revenue Authority, created in 1957, is an instrumentality of Montgomery County, Maryland and a public corporation. The Revenue Authority was established to construct, improve, equip, furnish, maintain, acquire, operate, and finance projects devoted wholly or partially for public use, good, or general welfare.
The two primary activities of the Revenue Authority are to operate self-supporting facilities and to finance public facilities. On the operations side, the Revenue Authority manages its golf course system, comprised of nine golf courses, and the Montgomery County Airpark. The operated facilities generate various forms of revenue, which are used to fund operations and to provide for improvements. A portion of the operating revenues is used to retire any debt associated with operated facilities.
On the public financing side, the Revenue Authority issues bonds to raise capital, to acquire land or other property, or to pay construction costs. Through a financing partnership with a broad range of agencies, the Revenue Authority has supported important public purposes as far reaching as education, transportation, human services, economic development, recreation, and the arts.
The two primary activities of the Revenue Authority are to operate self-supporting facilities and to finance public facilities. On the operations side, the Revenue Authority manages its golf course system, comprised of nine golf courses, and the Montgomery County Airpark. The operated facilities generate various forms of revenue, which are used to fund operations and to provide for improvements. A portion of the operating revenues is used to retire any debt associated with operated facilities.
On the public financing side, the Revenue Authority issues bonds to raise capital, to acquire land or other property, or to pay construction costs. Through a financing partnership with a broad range of agencies, the Revenue Authority has supported important public purposes as far reaching as education, transportation, human services, economic development, recreation, and the arts.
Dedicated to providing services, products, and opportunities
of value that offer enrichment to the communtiy.
