The Indiana Bond Bank (the “Bond Bank”) was created by the General Assembly to assist local units of government with the process of issuing debt (IC 5-1.5). The Bond Bank is now accepting applications for the 2021 Advance Funding Midyear Program. Since 1988, the Advance Funding Midyear Program has been helping entities with their cash flow needs. In an effort for our staff to be prepared to serve your needs, we ask that you indicate below your intentions regarding participation in the 2021 Midyear Advance Funding Program.
If your entity may experience cash flow shortfall in a property tax fund (or education fund for schools), the Midyear program will be your opportunity to borrow to meet your cash flow needs.