Latest News

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March 2009 - Midwestern Disaster Area Bonds (MDA)

Congress recently made changes to the federal tax code that allows for the financing of certain types of projects that didn’t previously qualify. The main benefit is that it allows financing
for general commercial facilities (as opposed to requiring projects to be within specified categories such as manufacturing, housing, solid waste, etc.).

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June 2009 - Recovery Zone Bonds (RZBs)

In February 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 (the “Recovery Act”), which creates a new category of bonds called Recovery Zone Bonds (RZBs). RZBs are intended to stimulate economic recovery in areas identified as recovery zones. The two types of RZBs – Recovery Economic Development Bonds and Recovery Zone Facility Bonds – may only be issued prior to January 1, 2011.

Click here to download the full .pdf