Lower Interest Borrowing for Development--New Federal Guidance

Lower Interest Borrowing for Development:
New Federal Guidance

The American Recovery and Reinvestment Act of 2009 created two new types of bonds to assist in providing lower-cost financing: Recovery Zone Economic Development Bonds (for governmental projects) and Recovery Zone Facility Bonds (for private business). On June 12, 2009, the United States Treasury released guidance allocating bond volume for Recovery Zone Economic Development Bonds and Recovery Zone Facility Bonds to every state, county and large municipality (defined as population over 100,000) of the country.

View a list of allocations in Indiana and a detailed summary of these bond programs and how they may be utilized to obtain lower-cost financing for your project.

If you are interested in learning more about Recovery Zone Bonds, please contact:

Buddy Downs at (317) 236-2339
Philip Genetos at (317) 236-2307
Lisa Lee at (317) 236-2268
Denise Barkdull at (317) 236-5803

This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.