A part of the stimulus legislation created recovery zone facility bonds and enhanced tax-exempt bond financing for private projects. Tax-exempt financing is not new—you still face the same issues that borrowers have always dealt with including prevailing wage, confidentiality, cast of characters and commitment letter.
There is more than meets the eye for the borrower. Some of the strategic decisions facing you in the competitive local governmental selection process may revolve around how property tax criteria will be weighed against job creation. And are bond issuance fees for a local insurer really lower?
To view and print this edition of Stimulus 2009 Priority Alert, click on the following link and select the Tax-Exempt Bond Financing, September 15, 2009 newsletter:
Stimulus 2009 Priority Alert newsletters
For questions or assistance regarding tax-exempt bond financing, please contact Jeffrey S. Ammon or Ronald E. Roden.