Established in 1984 by the Indiana General Assembly, the Indiana Bond Bank (IBB) is a self-supporting, quasi-governmental agency of the State of Indiana. Its mission is to act as a financial partner for local units of government, including cities, towns, counties, school corporations, and libraries. The IBB helps these entities save taxpayer money by providing cost-effective and efficient financing solutions. It achieves this by pooling the borrowing needs of multiple local governments to issue larger, more attractive bonds in the capital markets, thereby securing lower interest rates and reducing issuance costs for the individual participants.

Founded in

United States