What is the Build America Bonds Program?
• The federal government has provided an incentive for local communities to invest in their infrastructure. This is only available for bonds sold in 2009 or 2010. • The actual benefit of the Build America Bonds program will depend on market conditions. Can money from the bond program be used to pay for salaries and benefits? No, it is against state law. Bond dollars cannot be used for operation expenses such as employee salaries, repairs, maintenance, or energy costs. Bond program funds must be accounted for separately from general operating funds. Please explain what bond program money can cover and what it can’t. Bond proceeds cannot be used for the following items: Bond proceeds can be used for the following items: What are the key dates leading up to the May 4, 2010, bond program election? Where and when do I register to vote? What is the procedure for absentee voting? Where do I vote? Will other issues appear on the May 4, 2010 ballot? Yes, included on the May 4, 2010 ballot with
