The LPFA’s Zero Interest Bond Bank Loan Program was created to assist local governmental entities in lowering the cost of financing capital expenditures. Local government officials work with local banks to obtain the most favorable loan rates.  The LPFA then provides 15 percent of the total borrowing at zero interest.  Since the program's inception in 1999, local governments have borrowed over $8.7 million, saving more than $1.29 million in interest costs.