Pool Program
Description of Program
- Assists communities with long term debt financing
- Combines debt of many entities into a "pooled" financing
- The Bond Bank has assisted over 200 qualified entities in the Pool Program
- Term 7-30 years
- Projects over $100,000
- Quarterly issues of pooled financing
Advantages
- Utilize Bond Bank experience in issuing debt
- Bond Bank prepares offering documents
- Share fixed costs with other entities
- Competitive interest rates
- Easy to utilize program
- Bond Bank purchases your debt and issues its own debt on the open market
General Steps
- Complete Preliminary Demand Survey (no obligation to entity)
- Retain financial advisor (optional)
- Retain bond counsel
- Receive necessary approvals and set rates at appropriate level to repay bonds
- Adopt local bond ordinance
- Submit application to Bond Bank for approval by the Bond Bank Board of Directors
- Execute purchase agreement with the Indiana Bond Bank
- Interim financing available
Questions? Call us at 317-233-0888 or 800-535-6974 or Email
