In the 1998 elections, more than 200 local jurisdictions had growth management initiatives on the ballot, and most of them passed. The Better America Bonds initiative reflects this tremendous local support for curbing sprawl and promoting land conservation. The communities that issue the bonds pay them back interest-free. Investors who buy these 15-year bonds receive tax credits in lieu of interest.
Communities have access to zero-interest financing for land protection.
Protect, restore, or enhance green space or open space like wetlands, forests, farmlands, critical habitat, endangered species habitat, or other important habitats. Local governments either alone or in partnership with non-profit organizations can use these bonds to protect or restore threatened wetlands, endangered species habitat, critical wildlife habitat by acquiring title or purchasing easements. Protect water quality. Rivers, lakes, coastal waters, wetlands, and drinking water sources can be restored or protected through various measures to reduce pollution runoff including land acquisition and reforestation. Provide environmental remediation.