The Treasury Department has released Notice 2009-50, stating the amount of "recovery zone economic development bonds" and "recovery zone facility bonds" that states, counties, and "large municipalities" may issue during the period from now until December 31, 2010.  The notice also provides interim guidance on the bonds.

Recovery Zone Economic Development Bonds and Recovery Zone Facility Bonds were authorized by the American Reinvestment and Recovery Act of 2009 to stimulate economic recovery in hard-hit areas as measured by employment decline. To read more, click here.

If you have questions about recovery zone bonds or other bond-related matters, please feel free to call Linda Schakel (202.661.2228, schakel@ballardspahr.com), or any lawyer in Ballard Spahr's Public Finance Department.


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