About

Learn about Indiana Bond Bank Investor Relations, including Featured News, Projects and Programs, and The Team.

Debt Outstanding as of 1/1/2020
$738,541,764
Established
1984
Number of Programs
7

About Indiana Bond Bank Investor Relations

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.

Projects and Programs

Advance Funding Program

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.

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HELP Program

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:

  1. Unique Legal Benefits: HELP is the only program that eliminates the legal requirement to bid the financing
  2. Banks Compete for Lowest Rate: IBB has pool of participating lenders competing to submit lowest all-in bid
  3. Access to Financing: Local units have access to banks they might not otherwise have, based on their size, geography and relationships
  4. 35+ Years of Indiana-Based Experience: IBB provides hands-on technical assistance from application to closing
  5. Public Sector-Friendly Lease Terms: IBB works with its participating lenders to ensure no surprise lease terms
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Interim Loan Program

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.

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Pool Program

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.

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The Team

Mark Wuellner

Executive Director

(317) 233-0093

mwuellner@inbondbank.com

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Ron Mangus

Director of Operations

(317) 233-0091

rmangus@inbondbank.com

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Aaron Barnett

Compliance Officer

(317) 234-8985

abarnett@inbondbank.com

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Brian Carman

Program Development Director

(317) 233-0090

bcarman@inbondbank.com

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Marisa Weimer

Administrative Assistant

(317) 543-7024

mweimer@inbondbank.com

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