Green Bond Fact Sheet

The Illinois Finance Authority issued USD 450 million in revolving fund revenue bonds on April 16, 2019, to fund loans from the Illinois Environmental Protection Agency (IEPA) for wastewater treatment, sanitary sewerage, and drinking water facilities in Illinois. The issuance is noted for its high level of reporting granularity, with the IEPA providing annual project-level updates on the Illinois Financial Authority's website, a practice described by the Climate Bonds Initiative as a market best practice for US municipal issuances.

• The Illinois Finance Authority issued USD 450 million in revolving fund revenue bonds on April 16, 2019, with a maturity date of July 1, 2041, and a tenor of 22 years.
• The proceeds from the bond issuance are used to fund loans from the Illinois Environmental Protection Agency (IEPA) to local government units in Illinois State via the Illinois State Revolving Fund (SRF) Programs. These loans specifically finance drinking water facilities, sanitary sewerage, and wastewater treatment to support the Safe Drinking Water Act and the Clean Water Act within the state.
• The Illinois Environmental Protection Agency (IEPA) will publish annual project-level updates on the Illinois Financial Authority’s website. These reports will include the project name and description, the name of the participating local government, the loan amount, the percentage of funds disbursed, and the actual or expected completion date.
• The Climate Bonds Initiative views the IEPA's project-level reporting on the use of proceeds as a market best practice, noting that such granularity is extremely rare for local government or municipal issuances in the United States.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20Illinois%20Finance%20Authority.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20Illinois%20Finance%20Authority.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=16 April 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20Illinois%20Finance%20Authority.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20Illinois%20Finance%20Authority.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }