Private Activity Bond Allocation Program

Calendar cycles will begin on January 1 and close on November 18 of each year.

Description

The Private Activity Bond Allocation (PABA) program allows qualified bond issuers to provide lower-interest financing for certain types of projects.

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Notices
  • Please be aware that starting January 1, 2024 applicants will need to apply to DED using Submittable.
  • The calendar year 2023 cap for the PABA program is  $741,354,840.00.  
What does the process look like?
  1. Company works with local bond issuing entity.  
  2. The bond issuing entity evaluates the company's debt proposal and determines if they will issue bonds.
  3. The bond issuing entity applies on behalf of the company to the Department of Economic Development (DED) for a Private Activity Bond Allocation. 
  4. DED authorizes a PABA for qualifying projects.
  5. The bond issuing entity issues bonds for the beneficiary.
  6. The bond issuing entity notifies DED of the bond closing by calling 573-522-3478.  
  7. The bond issuing entity sends DED the report of bond issuance, the completed certificate and annual activity report. 
  8. DED sends the bond issuing entity the signed certificate.