Massachusetts Gov. Deval Patrick's administration last week announced that it will begin evaluating a potential merger of the Massachusetts Health and Educational Facilities Authority and the Massachusetts Development Finance Agency in an effort to cut expenditures and create efficiencies between the two entities, yet critics say the move could increase borrowing costs for colleges and hospitals throughout the state.

The two bonding authorities sold a combined $6.16 billion of debt in 2008, according to Thomson Reuters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.