Build America Bonds
Build America Bonds are a taxable municipal bond created under the American Recovery and Reinvestment Act of 2009 that carry special tax credits and federal subsidies for either the bond holder or the bond issuer. Many issuers have taken advantage of the Build America Bond provision to secure financing at a lower cost than issuing traditional tax-exempt bonds. The Build America Bond provision is open to governmental agencies issuing capital expenditure bonds before January 1, 2011.
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Famous quotes containing the words build, america and/or bonds:
“Let us build altars to the Blessed Unity which holds nature and souls in perfect solution, and compels every atom to serve an universal end.”
—Ralph Waldo Emerson (1803–1882)
“Only in America ... do these peasants, our mothers, get their hair dyed platinum at the age of sixty, and walk up and down Collins Avenue in Florida in pedalpushers and mink stoles—and with opinions on every subject under the sun. It isn’t their fault they were given a gift like speech—look, if cows could talk, they would say things just as idiotic.”
—Philip Roth (b. 1933)
“It’s rather grisly, isnt it, how soon a living man becomes nothing more than a collection of stocks and bonds and debts and real estate?”
—John Dos Passos (1896–1970)