Issue Brief 9-20
May 20, 2009

In addition to providing substantial funding for a host of state grant programs, the American Recovery and Reinvestment Act of 2009 (ARRA, P.L. 111-5) also provides new and expanded bonding authority for state and local governments. These include:

  • Build America Bonds
  • Recovery Zone Economic Development Bonds
  • Qualified Zone Academy Bonds
  • Qualified School Construction Bonds
  • Qualified Energy Conservation Bonds
  • New Clean Renewable Energy Bonds This Issue Brief describes the programs and provides allocations and bond caps, where available.