Photo provided by Sheridan Public Library
Posted By: The Reporter November 12, 2025
Submitted by Office of Indiana Treasurer
Treasurer Daniel Elliott announced Friday, Nov. 7 that the Indiana Bond Bank assisted the Sheridan Public Library with project financing through its Community Funding Resource (CFR) Program. The funds will be used for renovations and improvements to the library, including the purchase of equipment and technology.
Elliott
“The Community Resource Funding Program gives folks up to 25 years to pay back, with the benefit of Indiana’s strong financial position,” Treasurer Elliott said. “It’s got steady payments and helps with new or old projects, so our communities can get the funds they need to get important things done, making life better for everyone.”
The CFR program helps local Indiana governments fund a wide range of essential capital projects. The program offers terms of up to 25 years, does not require a public credit rating, and provides a fixed amortization for the life of the loan. Eligible entities include cities, towns, school corporations, townships, libraries, counties, and other local governmental units.
About the Bond Bank
The Indiana Bond Bank (IBB) was established as a self-supporting quasi-government entity by the Legislature in 1984. A seven-member board oversees the Bond Bank, with the Treasurer serving as the chair of the board, the Public Finance Director of the Indiana Finance Authority is statutorily appointed, with the remaining five members being appointed by the Governor. The Bond Bank assists local governments in the process of issuing debt and provides the following programs: the Advance Funding Program, Community Funding Resource Program, Hoosier Equipment Lease Purchase (HELP) Program, Fuel Budgeting Program, and Interim Loan Program.
