Recovery Zone Bonds

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.

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