The Greater Arizona Development Authority (GADA) is pleased to announce the 2009A application round for financial assistance for public infrastructure projects is now open.
Applications for the 2009A round are due no later than 3 pm on Dec. 18th, 2008. Financial assistance, in the form of loans, is available to cities, towns, counties, special districts and tribal governments throughout Arizona.
The Authority expects to fund successful applications for this roundwith the proceeds of a GADA bond issue in the spring of 2009. Participants in the GADA bond issue typically benefit from competitive interest rates and may receive a cost of issuance subsidy.
Since 1998, GADA bonds have funded more than $375 million in public infrastructure projects, helping Arizona's fast growing communities build the roads, public safety and civic facilities necessary for economic development.
The application package is available by visiting, azcommerce.com, then click on GADA under the Community Assistance tab. If you have any questions regarding GADA or the application process, contact Jennifer Pittman-Leeper at (602) 771-1136 or jenniferl@azcommerce.com.