Stimulus briefs - South Florida Business Journal:

http://www.georgetownchamberofcommerce.org/news/general-news?start=20
The economic stimulus bill createde the newbond programs. The legislatiojn appropriated $10 billion for Recovery Zone EconomivDevelopment Bonds. The federal government will subsidizee 45 percent of the interest on thesretaxable bonds, which will enable state and locakl governments to lower their borrowing costs. Thes e bonds can be used for a variety of economicddevelopment projects, including job training and educationak programs. The legislation appropriated $15 billion for Recoveryy Zone Facility Bonds.
Private-sectoe businesses can use these tax-exempt bondxs to finance depreciable capital projectzs in designatedrecovery zones, which are areazs with high levels of poverty, unemployment or The White House announcer a new Web portal that will make it easie r for states, localities and privat e contractors to report their use of economic stimulu funds.