How much issuing authority is available?
A. A total of $10 billion in bond issuing authority is available nationwide; Washington state’s allocation is $90 million. It has been divided among the states and suballocated to counties and large municipalities based on the rate of employment declines in each jurisdiction during the period from December 2007 and December 2008. Follow the Recovery Zone Economic Development Bonds link on the Bond Cap webpage at http://www.commerce.wa.gov/bondcap for the specifics of the city and county formula allocations.
