Qualified Entities

The Indianapolis Bond Bank was created for the purpose of buying and selling securities of certain qualified entities, including the city, county, all of the city’s special taxing districts, all entities with tax levies that are subject to review and modification by the City-County Council, and certain authorities or entities that lease land or facilities to qualified entities.

The Indianapolis Bond Bank helps each of the qualified entities lower their respective borrowing costs by purchasing their debt securities at interest rates which are favorable to them. To accomplish this purpose, the Indianapolis Bond Bank issues bonds or notes and works each entity throughout the debt issuing process to ensure optimal results are achieved.

The Bond Bank also assists each of the entities in the day-to-day management of its existing debt by maintaining relationships with each of the rating agencies, assessing and analyzing existing and future market conditions, investor outreach, and post-issuance compliance matters.  As a conduit issuer, the Bond Bank provides expertise and counsel to the Qualified Entities with the intent of providing better access and results in various forms of capital markets transactions.

Consolidated City of Indianapolis and Marion County, Indiana

200 E Washington St. (Suite 2222) Indianapolis, IN 46204| (317) 327-4310

Incorporated in 1832, the Consolidated City of Indianapolis and Marion County, Indiana is the largest city in the state of Indiana and the 15th largest city in the nation with a population of 855,164 and a metropolitan statistical area population of almost two million people. Indianapolis is located in the geographic center of the state and serves as its political, physical, economic, and cultural capital.

The Office of Finance and Management (OFM) is the governmental unit responsible for the City's financial management.

Key Management Personnel:

Mayor Joseph H. Hogsett, 49th Mayor of Indianapolis
Ken Clark, City Controller


Type of DebtStandard & Poor's Rating AgencyMoody's Investor ServicesFitch RatingsKroll Bond Rating Agency
Moral Obligation (M.O.)AA-Aa3AA-
General Obligation (G.O.)AA+AaaAAAAA+

Health and Hospital Corporation of Marion County

3838 N Rural St. Indianapolis, IN 46205 | (317) 221-2000

Formed in 1951, the Health & Hospital Corporation of Marion County (HHC) is a municipal corporation established by Indiana Code 16-22-8. This corporation operates the Marion County Public Health Department, Eskenazi Health, Eskenazi Health Foundation, Indianapolis Emergency Medical Services (EMS), and the Division of Long Term Care

Key Management Personnel:

Matthew Gutwein, President & CEO
Dan Sellers, CFO/Treasurer


Type of DebtStandard & Poor's Rating AgencyMoody's Investor ServicesFitch RatingsKroll Bond Rating Agency
General Obligation (G.O.)AAAa1--

Indianapolis Public Transportation Corporation (IndyGo)

1501 W Washington St. Indianapolis, IN 46222 | (317) 635-2100

Established in 1975, the Indianapolis Public Transportation Corporation (IndyGo) is a municipal corporation that manages and operates Indianapolis and Marion County's public bus transit system. IndyGo is the largest public transportation provider in the state of Indiana, it operates 32 bus routes providing nearly 10 million passenger trips a year.

Key Management Personnel:

Inez Evans, President & CEO
Nancy Manley, Vice President of Finance & Controller

Indianapolis Airport Authority

7800 Col. H. Weir Memorial Dr. (Suite 100) Indianapolis, IN 46241| (317) 487-9594

Established by the Indiana General Assembly in 1962, the Indianapolis Airport Authority (IAA) is a municipal corporation that owns, develops, and operates six airports in the Indianapolis metropolitan area including the Indianapolis International Airport (IND), Downtown Heliport (8A4), Eagle Creek Airpark (EYE), Hendricks County Airport-Gordon Graham Field (2R2), Indianapolis Regional Aiport (MQJ), and the Metropolitan Airport (UMP).

Key Management Personnel:

Mario Rodriguez, Executive Director
Robert Thomson, Senior Director of Finance & Treasurer


Type of DebtStandard & Poor's Rating AgencyMoody's Investor ServicesFitch RatingsKroll Bond Rating Agency

Indianapolis-Marion County Building Authority

200 E Washington St. (Room T-311) Indianapolis, IN 46204| (317) 327-4343

Created in 1953, the Indianapolis-Marion County Building Authority (IMCBA) is an independent municipal corporation that serves the needs of Indianapolis local government by acquiring, financing, constructing, and managing building projects. 

Key Management Personnel:

Mark R. Peterson, General Manager
Wanda Elliot, Finance Director

Capital Improvement Board of Managers of Marion County

100 S Capitol Ave. Indianapolis, IN 46225| (317) 262-3400

The Capital Improvement Board (CIB) is a municipal corporation created in 1965 by the Indiana General Assembly. The Capital Improvement Board finances, constructs, equips, operates, and maintains any capital facilities or improvements of general public benefit or welfare which promote and serve the commercial, industrial, and cultural interest of Indiana and its citizens. The CIB operates and owns the Indiana Convention Center, Lucas Oil Stadium, Bankers Life Fieldhouse, Victory Field, and Hudnut Commons

Key Management Personnel:

Andrew Mallon, Executive Director
Timothy M. Kuehr, Chief Financial Officer

Marion County Convention and Recreational Facilities Authority

100 S Capitol Ave. Indianapolis, IN 46225| (317) 262-3400

The Marion County Convention and Recreational Facilities Authority (MCCRFA) was created in 1985 as an instrumentality of Marion County. The Authority is organized to acquired, finance, construct, and lease capital improvement to the Capital Improvement Board of Managers of the Marion County. In addition, the Authority has financed local public improvements for leases to the Metropolitan Development Commission of Marion County, acting as the Redevelopment Commission of the City of Indianapolis. 

Key Management Personnel:

Andy Mallon, Executive Director
Timothy M. Kuehr, Chief Financial Officer


Type of DebtStandard & Poor's Rating AgencyMoody's Investor ServicesFitch RatingsKroll Bond Rating Agency

Charter Schools (Sponsored by the Mayor's Office of Education Innovation)

200 E Washington St. (Suite 2501) Indianapolis, IN 46204| (317) 327-3601

The Mayor’s Office of Education Innovation (OEI) provides and promotes high-quality school options for students. OEI authorizes and oversees 31 Mayor-sponsored charter schools, 4 turnaround schools, and collaborates with local organizations to expand access to quality early childhood and workforce development programs.

Key Management Personnel:

Patrick McAlister, Director
Brian Dickey, Assistant Director of Finance

Fort Harrison Reuse Authority

9120 Otis Ave. (Suite 200) Indianapolis, IN 46216| (317) 377-3400

The Fort Harrison Reuse Authority (FHRA) is a special purpose unit of government created to revitalize the economy following the closure of the Fort Benjamin Harrison Army Base in 1995. The FHRA was established by IC 36-7-30 in 1995 for the “planning, replanning, rehabilitation, development, redevelopment, and other preparation for reuse of military bases and military base property” as this is a “public and governmental function that cannot be accomplished through the ordinary operations of private enterprise.”

Key Management Personnel:

Aletha Dunston, Executive Director
Russell Brown, Treasurer

Citizens Energy Group

2020 N Meridian St. Indianapolis, IN 46202| (317) 924-3311

In 1887, Indianapolis civic leaders came up with the idea of operating a natural gas company as a Public Charitable Trust, solely for the benefit of customers and the community. Today, this Trust lives on as Citizens Energy Group, a broad-based utility service company, providing natural gas, thermal energy, water, and wastewater services to about 800,000 people and thousands of businesses in the Indianapolis area.  At Citizens, our vision is to fulfill the promise of the Trust to serve our customers and communities with unparalleled excellence and integrity.

Key Management Personnel:

Jeffrey Harrison, President & CEO
John Brehm, Senior Vice President & Chief Financial Officer


Type of DebtStandard & Poor's Rating AgencyMoody's Investor ServicesFitch RatingsKroll Bond Rating Agency