Stimulus briefs - Atlanta Business Chronicle:

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The economic stimulus bill created the new bond The legislationappropriated $10 billion for Recover Zone Economic Development Bonds. The federal governmengt will subsidize 45 percent of the interest on thesdetaxable bonds, which will enable state and local governments to lowetr their borrowing costs. These bondas can be used for a variety of economicdevelopmentt projects, including job training and educational The legislation appropriated $15 billion for Recoverty Zone Facility Bonds. Private-sector businessee can use these tax-exempt bonds to finance depreciablre capital projects in designatedrecovery zones, whicb are areas with high levelsz of poverty, unemployment or foreclosures.
The Whitw House announced a new Web portal that will make it easiefor states, localities and privatew contractors to report their use of economic stimulus