MSBA meaning in Community ?

The Massachusetts School Building Authority (MSBA) is a quasi-independent public authority that provides grants which partially fund municipal and regional school districts for kindergarten through high school construction and renovation projects in the Commonwealth of Massachusetts.

The MSBA, upon the initiative of applicant municipal and regional school districts, partially funds school facility construction and develops financially sound plans for constructing educationally appropriate buildings that are long-lived, safe, and economically and environmentally sustainable. The source of MSBA revenue funds is one cent of the 6.25-percent sales tax of the Commonwealth of Massachusetts.The MSBA funds a portion of approved eligible building project costs; the proportion of funding depends primarily upon the school districts's economic health, and can vary from 31 to 80 percent of the cost of the new building or building rehabilitation project.