Recovery Zone Bonds
On February 17, 2009, President Obama signed the Recovery Act of 2009. This federal response to the global recession calls for a collaborative spirit at all levels of government to ensure that federal stimulus financing tools are put to use quickly and efficiently in ways that will achieve short-term stimulus and support long-term economic recovery. The Recovery Act contains a number of attractive financing tools that could be extremely valuable for California counties and cities to achieve those goals.
Revenue Service (IRS) Recovery Zone Bond Volume Cap Allocation for California
