About GADADirectorsStatutes & RulesLoan ProgramsGrant ProgramsAudits & PubsBoard MeetingsInvestor Relations
The Greater Arizona Development Authority (GADA)
was created by the Arizona Legislature in 1997 to assist local and tribal governments
and special districts with the development of public infrastructure. GADA's goals
are to lower the costs of financing and help accelerate project development for
public facilities owned, operated and maintained by a political subdivision, special
district or Indian tribe. To accomplish this, GADA is authorized under statute to
offer both financial and technical assistance programs.
To assist Arizona communities and tribal governments with the development of public
infrastructure projects that enhances community and economic development.
GADA is governed by a nine-member Board of Directors comprised of four ex-officio
members and five members who are appointed by the Governor.
Appointed members serve staggered five-year terms, with no appointed member allowed
to serve more than two consecutive terms. In addition, all appointed members shall
reside in different counties, and no more than three shall be from the same political
party. One shall be a member of an Indian tribe located in Arizona.
In fiscal year 2011, the Arizona Legislature passed H.B. 2001 assigning the Water
Infrastructure Finance Authority of Arizona (WIFA) to provide general administrative
support, equipment, office and meeting space to GADA.
WIFA's Executive Team administers GADA's mission.
- Sandra Sutton, Executive Director - WIFA
- Trish Incognito, Chief Financial Officer - WIFA
- Mike Clark, Controller - WIFA
- Angie Valenzuela, GADA Program Manager/Sr. Loan Officer
Below is a list of the current membership of the Board
- Greg Linaman, Chair – Chief Operating Officer/General
Counsel, Arizona Commerce Authority
- Henry Darwin – Director, Arizona Department of Environmental
- Kristine Ward – Chief Finance Officer, Arizona Department
- Kevin Donnellan – Director of Communications & Government
Affairs, State Treasurer’s Office
- Mignonne D. Hollis – Representative for Cochise County
- Alan F. Willenbrock – Representative for Pima County (R)
- Paul B. Johnson – Representative for Yuma County (D)
- Patt A. Parker – Representative for Yavapai County
- Vacant – Tribal Representative
IMPORTANT INFORMATION****PLEASE TAKE NOTE
Due to recent legislative sweeps, the lending capacity for GADA has substantially
diminished. For that reason, the round is to refund or purchase outstanding GADA
bonds and solely available to Cities, Towns, Counties, special districts and tribal
governments that have received financial assistance from the proceeds of such GADA
GADA bonds have been insured and sold as investment grade rated tax-exempt issues.
This has allowed borrowers with lower investment grade ratings to realize, in some
cases, substantial interest savings. GADA has the ability to subsidize the costs
of bond issuance to provide further savings on fees for underwriters, financial
advisors, bond counsel, trustees, bond rating and bond insurance premiums. Depending
on the loan amount, past GADA financial assistance packages have resulted in a savings
to borrowers of $25,000 to $200,000.
Additional benefits of GADA loans include:
Eligible Borrowers Include:
- Lower interest rates
- Loan terms of up to 30 years
- Ability to fund a broad array of projects
- Assistance in establishing small communities' credit
- Cities, Towns, Counties and Tribes
- Municipal Improvement Districts (including Community Facility
- Fire Districts
- County Improvement Districts
- Special Road Districts
- Sanitary Districts
- Drainage or Flood Protection Districts
- County Flood Control Districts
- County Jail Districts
- Regional Public Transportation Authorities
- Regional Transportation Authorities
GADA's tax-exempt bonds are currently rated A, enabling borrowers with low (or no)
investment grade ratings to realize interest savings.
FY2013 Financial Assistance Round - a financial assistance round is not anticipated
for FY13. Please contact Angie Valenzuela at (602) 364-1313 or email at
to request notification of future financial assistance
Please Note: No grant application rounds are presently open.
Arizona Revised Statute §41-2256.C authorizes up to $250,000 of the GADA Fund to be used for
technical assistance loans on infrastructure projects in the final phases of development. Additionally,
based on availability of funds, technical assistance grants may also be available periodically for
engineering planning, design review, feasibility studies or other infrastructure development elements.
These technical assistance loans may be repaid from the proceeds of a GADA bond issuance.
Depending on funding availability, competitive grants are offered periodically for early stage project
development elements. When funding is available, grants are useful to communities for the early phases
of projects that may ultimately be funded through GADA bonds (loans).
FY2013 Technical Assistance Grants – a technical assistance grant round is not anticipated for FY13.
Please contact Angie Valenzuela at (602) 364-1313 or email at email@example.com
to request notification of future financial assistance rounds.
Pursuant to A.R.S. § 38-431.02, the Greater Arizona Development Authority (GADA)
hereby states that all notices of the meetings of GADA and any of its committees
and subcommittees will be posted on the Arizona Department of Administrations Public
Notice Meetings Website at
www.apps.azdoa.gov/services/pubmeet2, in the Arizona State Capitol's first
floor kiosk at 1700 W. Washington Street Phoenix, Arizona 85007 and on the first
floor lobby bulletin board of the Arizona Department of Environmental Quality building
at 1110 W. Washington Street Phoenix, Arizona 85007. Each of the identified locations
are open to the public Monday through Friday from 8:00 a.m. to 5:00 p.m. except
legal holidays. Such notices will indicate the date, time, and place of the meeting
and will include an agenda or information concerning the manner in which the public
may obtain an agenda for the meeting.
Upcoming Board Meetings:
Historical Board Meetings:
- Board Meetings - 2013
- Board Meetings - 2012
- Board Meetings - 2011
- Board Meetings - 2010
- Board Meetings - 2009
- September 30, 2009 - Agenda, Minutes
- August 26, 2009 - Agenda, Minutes
- July 22, 2009 - Agenda, Minutes
- May 27, 2009 - Agenda, Minutes
- April 22, 2009 - Agenda, Minutes
- March 25, 2009 - Agenda, Minutes
- January 28, 2009 - Agenda, Minutes