Municipal Bond Forum
Home > Municipal Bond Forum > BABs >
Bills seek to revive Build America Bonds
Q
What is the status of the Build America Bonds (BABs) program?
A
James A. Klotz responds:
James A. Klotz responds: The Build America Bonds program, signed into law Feb. 17, 2009, enabled municipalities and certain political subdivisions to issue taxable municipal bonds that were supported by federal subsidies. This program expired Dec. 31, 2010.
As we described in an article last month, “Pols Push for BABs,” there are two Senate bills calling for the revival of the program. Sen. Ed Markey’s bill, known as the Bolstering Our Nation’s Deficient Structures Act, is modeled after the Build America Bonds Act of 2013, which was introduced by Rep. Richard Neal.
Both bills are still in committee.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.