AMFund was developed by the Alabama League of Municipalities to assist Alabama’s cities and towns in funding local projects, equipment purchases and refinancing existing debt. The purpose of AMFund is to provide timely low-cost direct bank debt financing to fund almost any size municipal project.

Click here for a few of AMFund's Success Stories.

Municipal Leagues in a number of other states, including Kentucky, Florida, Georgia and Tennessee, operate similar programs for their members. As with these programs, AMFund is able to take advantage of the economies of scale, which allows municipalities to:

• Receive competitive direct bank, fixed rate debt financing regardless of project size.
• Significantly reduce borrowers’ transaction costs.
• Minimize staff time by using straightforward, direct bank debt loan documentation.

Thornton Farish Inc. serves as AMFund’s financial advisor to assist municipalities in AMFund’s direct bank debt financing process.