The American Recovery and Reinvestment Act of 2009 (the “ARRA”) created two new categories of bonds which can be used to finance a wide range of projects, including real estate developments and public infrastructure:
A. RECOVERY ZONE FACILITY BONDS (“RZFBs”), and
B. RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS (“RZEDBs”), a category of Build America Bonds.
Click the link below to read the full alert.