The Indiana Bond Bank assisted Pershing Township Fire Protection District in Jackson County with financing a fire engine through its Hoosier Equipment Lease Purchase (HELP) Program. The $291,195 purchase of essential equipment was made possible through this program.
“The HELP Program is super simple with just a one-page form, helping cities and towns score great rates with flexible terms. Without it, many places might not afford the gear they need to keep things running smoothly,” said State Treasurer Daniel Elliott.
The HELP program assists Indiana communities in obtaining essential equipment through a standardized and efficient lease-purchase process. It provides standard-term leases with flexible repayment options at competitive rates. By effectively securing competitive bids from various financial institutions statewide, the program ensures the lowest financing costs, thereby saving taxpayer money. Since its inception, the HELP program has financed over $471 million in essential equipment for Indiana communities.
The Indiana Bond Bank (IBB) was established as a self-supporting quasi-government entity by the 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.