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Learn about Indiana Bond Bank Investor Relations, including Featured News, Projects and Programs, and The Team.
The Indiana Bond Bank is a quasi-governmental agency established by the Indiana General Assembly in 1984. The Bond Bank is a self-funded entity and does not receive any appropriations from the State of Indiana. The primary mission of the Bond Bank is to provide targeted financial solutions to Indiana units of government, including cities, towns, townships, public school corporations, counties, public libraries, county hospitals, and public universities.
INDIANAPOLIS — Governor Eric J. Holcomb today announced several appointments to various state boards and commissions.
Indiana Bond Bank Board of Directors
The governor made two reappointments to the board, who will serve until July 31, 2024:
The governor also made three new appointments to the board, who will serve until July 31, 2024:
Barr-Reeve Community Schools
Beech Grove City Schools
Center Grove Community School Corporation
Centerville-Abington Community Schools
Crawfordsville Community School Corporation
Eastern Howard School Corporation
Elkhart Community Schools
Gary Community School Corporation
Goshen Community Schools
Greencastle Community Schools
Jay School Corporation
Kokomo School Corporation
Lafayette School Corporation
M.S.D. of Warren Township
North Miami Community Schools
Penn-Harris-Madison School Corporation
Plainfield Community School Corporation
Randolph Southern School Corporation
Richland-Bean Blossom Community School Corporation
River Forest Community School Corporation
School City of Hobart
South Henry School Corporation
Southeast Dubois County School Corporation
Vincennes Community School Corporation
Wawasee Community School Corporation
Westfield Washington Schools
White River Valley School District
Zionsville Community Schools
For more information,visit www.in.gov/tos
Article provides overview of potential impacts of COVID-19 on Indiana property tax collections and disbursements, and highlights certain units of government and how they are prepared. The Indiana Bond Bank Advance Funding Program is highlighted as a short-term borrowing option for units who will experience a cash-flow deficit as a result.
Since 1989, Indiana Bond Bank has offered a twice a year program to assist local units of government with their annual cash flow needs - the "Advance Funding Program".
IBB provides funds for the purchase of temporary loan tax or revenue anticipation warrants (the “Warrants”), such as the ones described below in this memorandum.
IBB eliminates the need to bid the financing of the Warrants. (I.C. 5-1.5-8-3)
IBB may purchase Warrants issued by certain local units of government, including, without limitation, school corporations, cities, townships, towns, counties, library corporations and special taxing districts (the “Qualified Entities”).
The Warrants in each case are issued in anticipation of the receipt of ad valorem taxes levied and in the course of collection (and, in the case of: (1) school corporations, may be also issued in anticipation of the receipt of State tuition support distributions in the course of collection; or (2) townships, may be also issued in anticipation of other revenues to be collected during the remainder of the calendar year of the issuance of such Warrants), thereby alleviating cash flow difficulties through the financing of cash flow deficits of such Qualified Entities.
Advance Funding is offered as a pooled program, in which Qualified Entities’ needs are pooled and funded together. Pooling allows participating Qualified Entities to share costs. Interim, short term funds are available.
The Hoosier Equipment Lease Purchase (HELP) Program assists local units of government in acquiring essential items of equipment through a standardized and streamlined lease-purchase process. Since 1991, the HELP Program has assisted over 200 communities in obtaining various items of equipment worth over $220 million.
Five Reasons Why Local Units of Government Choose HELP:
The Bond Bank’s Interim Loan Program (ILP) provides local units of government with access to short-term funding in anticipation of long-term financing. ILP funds are available to all Indiana municipalities that are expected to receive long-term financing through a variety of sources, including Federal or State loans and grants.
The Bond Bank’s Pool Program allows local communities to “pool” their debt in order to effectively reduce the costs associated with the issuance of debt. Projects include construction, maintenance, expansion of municipal utility systems or other building projects. Entities may also issue bonds on a “stand-alone” basis.