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General Information

Indiana Bond Bank Structure

  • Created by the General Assembly in 1984
  • Self-supporting quasi-government entity
  • A seven member board of directors governs the Bond Bank
  • The Treasurer of State is statutorily appointed to serve as chairman of the board
  • The Governor appoints six board members

Debt Issuance through the Bond Bank

  • The Bond Bank operates as a financing conduit
  • The Bond Bank purchases bonds and notes from communities
  • The Bond Bank pools these issues together and in turn issues
    its own obligations to the open market
  • The pooling process allows communities to realize savings that are achieved through the sharing of fixed costs and economies of scale
  • Communities may also benefit from certain bonds supported by the "moral obligation" of the state

Bond Bank Programs

  • Advance Funding Program assists communities in issuing tax anticipation warrants
  • HELP Program assists communities in acquiring essential equipment
  • Pool Program assists communities in issuing long-term debt
  • BAN or Bond Anticipation Note assists communities in issuing interim financing for their project until long-term debt is issued
  • Water Utility Revenue Bond Program assists 501-c-12 not-for-profit utilities in the issuance of debt

    Questions? Call us at 317-233-0888 or 800-535-6974 or Email