WISCONSIN: Racine Closes on RZEDBs

Shields, Yvette
September 2009
Bond Buyer;9/2/2009, Vol. 369 Issue 33177, p9
Trade Publication
The article reports on the closure on the sale of recovery zone economic development bonds worth 4.3 million dollars in Racine County, Wisconsin. This move makes it the first county in the state to take advantage of new borrowing program included in the federal stimulus package. An interest rate of 2.20% for the 10-year financing will be paid by the county when the government's interest subsidy is factored in. Proceeds of the bond transaction will be used to fund various capital projects.


Related Articles

  • We are No. 1 --in a new bond bonanza. Merrion, Paul // Crain's Chicago Business;10/26/2009, Vol. 32 Issue 43, p3 

    The article informs that 54 so-called Build America bonds have been issued by public borrowers in Illinois as of October 2, 2009. These bonds were created under the federal stimulus package and Illinois has been ranked third in issuing bonds with total dollar volume at 2.95 billion dollar. Build...

  • Quite the stimulus for local projects. Cruzak, David // Grand Rapids Business Journal;8/10/2009, Vol. 27 Issue 33, p1 

    The article reports on the eligibility of Kent County and the city of Grand Rapids in Michigan to issue 133 million U.S. dollars in two types of federal bonds that came from the American Recovery and Reinvestment Act of 2009. Kent County has been allotted 36.5 million U.S. dollars while Grand...

  • Muni Pros Say Amen to ARRA. Ward, Andrew // Investment Dealers' Digest;9/18/2009, Vol. 75 Issue 35, p11 

    The article reports on the stand of municipal market professionals to favor the legislative bill American Recovery and Reinvestment Act (ARRA) since it promoted economic growth in Carlsbad, California. Reportedly, Build America Bonds (BAB) treated the tax-exempt market by reducing the tax-free...

  • No applications yet in Muskegon. Daly, Pete // Grand Rapids Business Journal;2/8/2010, Vol. 28 Issue 6, p5 

    The article reports on the lack of formal applications for American Recovery and Reinvestment Act (ARRA) bonds for use by private investment projects in Muskegon County, Michigan.

  • ECONOMIC RECOVERY: RUNNING ON EMPTY. Birkner, Christine // Futures: News, Analysis & Strategies for Futures, Options & Deri;Jul2009, Vol. 38 Issue 7, p18 

    The article assesses the signs of economic recovery in the U.S. The Treasury Department came up with the American Recovery and Reinvestment Act to help home buyers and lending institutions affected by the global financial crisis. The economy is expected to grow in the second half of 2009 and...

  • Bill Would Raise Small-Issuer Limit for Bank-Qualified Debt. Temple-West, Patrick // Bond Buyer;5/19/2011, Vol. 376 Issue 33520, p5 

    The article reports on the introduction of a bill known as the American Recovery and Reinvestment Act of 2009 by U.S. Senator Jeff Bingaman that would raise the small-issuer limit for bank-qualified bonds from 10 million dollars to 30 million dollars with which the provision draws a strong...

  • BABs to the Rescue. Petersen, John E. // Governing;Nov2009, Vol. 23 Issue 2, p60 

    The article discusses the significance of the investment medium, Build America Bonds (BABs), to the success of the market for municipal bonds. It states that BAB, which is created under the American Recovery and Reinvestment Act (ARRA), has helped on the decline of the municipal bonds interest...

  • Advice From Tokyo. Koo, Richard C. // International Economy;Winter2012, Vol. 26 Issue 1, p57 

    The article offers recommendations for the U.S. government to avoid the fiscal policy failures in Japan. The author relates the financial crisis in the U.S. to that of Japan over the past decade wherein policies on zero interest rates, quantitative easing, and stimulus funding failed to drive...

  • THE $8000 TAX CREDIT: WHAT YOU NEED TO KNOW. Ruzick, Amy // Q!;Fall2009, Vol. 4 Issue 3, p11 

    The article provides information on the 8,000 dollars tax credit for first time home buyers in the U.S. It states that U.S. residents earning less than 75,000 dollars a year and purchase a home intended as primary residence for at least 80,000 dollars on or before November 30, 2009 can avail of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics