The Idaho Bond Bank Authority is a state level entity that assists local governments within the state to obtain funding for their infrastructure and essential equipment needs by providing access to markets with competitive interest rates.

The Idaho Bond Bank Authority and US Bank have formed a partnership that has been designed to provide municipalities throughout Idaho with lower interest rate lease/purchase financing for essential equipment.

The LEEAP bundles the borrowing needs of applicants to provide reduced costs of borrowing through economies of scale.

• Idaho Statutes
  • Idaho Code 67-1210
  • Idaho Code 67-1210A
    
    
• LEEAP Forms
  •  LEEAP Application
  •  LEEAP Application for Existing US Bank Customers
  
  
• LEEAP FAQs
  • Who is eligible to participate?
    • Participation is open to all state agencies and to all political subdivisions including: Cities, Towns, Counties, Public Retirement Systems, Regional School Districts, Local Public Agencies, Public Health Districts, Irrigation and Soil Conservation Districts and Water and Sewer Districts.
      
    
    
  • What is the cost to participate?
    • A one-time charge of $350 per loan payable at time of disbursement of loan proceeds.
    
    
  • What type of borrowing needs will qualify?
    • Municipalities may apply to the Idaho Bond Bank LEEAP for any loan that they are legally authorized to undertake by Idaho Law. These loans will be for equipment that is deemed “essential” and "ordinary and necessary” by the entity’s board to the fulfillment of basic governmental functions and services.
    • The Bond Bank expects that borrowers will use their proceeds to purchase computer or high-tech equipment, new or used lighter weight vehicles (automobiles), and new or used heavier vehicles (10-wheel trucks, road maintenance equipment, etc.).
    
    
  • What is the application process?
    • Complete the application listed under “LEEAP Forms” on this page.
    • The Bond Bank and US Bank staff will review the application and other materials provided by the applicants.
    • Approved applicants can expect to receive financing from the Bond Bank three to four weeks after presentation of application and basic financial data.
  
  
• Submit LEEAP Comments or Questions