The Indiana Bond Bank assisted the City of Noblesville with financing for essential equipment through its Hoosier Equipment Lease Purchase Program, Indiana State Treasurer Daniel Elliott announced. The purchase of more than $2,400,000 worth of essential equipment was purchased in January.
The HELP program assists Indiana communities in acquiring essential equipment through a lease-purchase process. The program provides standard-term leases, and repayment is available. The program exempts entities from the need to bid financing.
Since July 1, 2023, more than $18 million in essential equipment has been financed through the HELP program, according to Indiana Bond Bank.
“The HELP Program will save the City’s taxpayers money by assisting the city in financing necessary purchases at favorable interest rates,” stated Caitlin Moss stated, deputy controller for the City of Noblesville “The 2024 program is boosting Noblesville’s public safety efforts by financing the purchase of a new ambulance, 21 police cars and four alternative police vehicles. Additionally, the program is furthering other necessary public purposes of the city by financing six new Street Department vehicles, as well as equipment necessary for maintaining the city’s numerous parks.”
