The Indianapolis Bond Bank was created in 1985, pursuant to IC 5-1.4-3-1. The Indianapolis Bond Bank is governed by a five-member Board of Directors. Each Director is appointed by the Mayor of Indianapolis. The Bond Bank staff consists of the Executive Director, Deputy Director/General Counsel, Project Managers, Trust Accountant, Finance Manager, Office Manager and Executive Assistant/Human Resource Manager.
The Bond Bank serves as conduit issuer for Qualified Entities and manages outstanding debt obligations of the Qualified Entities. Moreover, the Indianapolis Bond Bank supports and manages the operations of miscellaneous City projects, including Union Station, Indianapolis Downtown Canal, Indianapolis Downtown, Inc., and various City owned parking facilities.