Bond Financing and the Stimulus Bill

The American Recovery and Reinvestment Act, sometimes referred to as the Stimulus Bill, was signed by the President in February.  The Act made a number of temporary changes in the law to make governmental bond financing more available to states, other political subdivisions, charities, manufacturers and other borrowers and to make the purchase of bonds attractive to potential investors.  Generally, these changes will apply only to bonds issued in 2009 or 2010, so borrowers who wish to take advantage of the changes will have a limited window in which to take action.

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