With the unprecedented amount of Federal dollars flowing into infrastructure nationwide the need to consider the most efficient, transparent and sustainable methods to stretch dollars out is of the utmost importance. By most assessments, the billions from the IRA and Jobs Acts during the first term of the Biden Administration are pocket change for state and local governments when it comes to the trillions needed in coming decades.

CSG was surprised to learn that outside of active public finance market participant universe, the understanding of how state bond banks and conduit issuers fit into the financing of infrastructure is pretty limited.

The Government Finance Officers Association’s mission is in part to elevate the discourse around public finance and through its Government Finance Review publication, introduced the role of bond banks in the current infrastructure discussion in its February issue. You can read it here.