Build America Bonds (BABs)
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Build America Bonds (BABs)

Intuition Publishing
Updated Sep 24, 2020

Build America Bonds (BABs) were created under the American Recovery and Reinvestment Act, introduced in 2009 and expired at the end of 2010. The aim was to provide municipalities with a subsidized low-cost source of funds in order to stimulate the economy and create new jobs. Here we describe the background and key features of BABs.