Indiana Treasurer Daniel Elliott announced this week that the Indiana Bond Bank assisted the City of Noblesville with financing for essential equipment through its Hoosier Equipment Lease Purchase (HELP) Program.
The purchase of over $2.4 million worth of essential equipment was closed in January 2024.
The equipment includes:
- 2024 Ford Interceptors (21)
- 2024 Chevy Traverse SUV (3)
- Chevy Silverado
(The above vehicles include emergency equipment and graphics.)
- Ambulance
- Tool Cat
- Kubota RTV 1100 (2)
- Club Car Utility Vehicles (2)
- ZTR Mower
- Fertilizer Spreader
- Mini Excavator
- Dodge Ram 3500 (4)
- Ford 550s (2)
- Asphalt Hot Box
The HELP program assists Indiana communities in acquiring essential equipment through a standardized and streamlined lease-purchase process. The program provides standard term leases. Flexible repayment is available with competitive rates offered. The HELP program exempts entities from the need to bid financing. Since July 1, 2023, over $18 million in essential equipment has been financed through the HELP program.
About the Bond Bank
The Indiana Bond Bank (IBB) was established as a self-supporting quasi-government entity by the state legislature in 1984. A seven-member board oversees the Bond Bank, with the Treasurer serving as the chair of the board, the Public Finance Director of the Indiana Finance Authority is statutorily appointed, with the remaining five members being appointed by the Governor.
The Bond Bank assists local governments in the process of issuing debt and provides the following programs: the Advance Funding Program, Community Funding Resource Program, Hoosier Equipment Lease Purchase (HELP) Program, Fuel Budgeting Program, and Interim Loan Program.