WASHINGTON - The Treasury Department Friday released allocations for states, counties and large municipalities as well as interim guidance for $25 billion of recovery zone bonds, two new types of debt created by the stimulus law to foster economic development in distressed areas.

The 20-page notice covered the $10 billion of recovery zone economic development bonds and $15 billion of recovery zone facility bonds authorized by the American Reinvestment and Recovery Act that was enacted in February.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.