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IRB

   Also found in: Medical, Acronyms, Wikipedia 0.04 sec.
IRB

Industrial Revenue Bond
A tax-exempt municipal bond in which a local government entity is seeking to raise money for a private company. It may be used, for example, to build a factory or some other facility on behalf of a private company. A municipality issues an industrial revenue bond when it wishes to attract a business and the jobs in brings to the area, especially when the business may be otherwise unable to obtain financing for the project. The municipality issuing the bond must be able to prove that a public benefit will be derived from the industrial revenue bond in order to qualify for tax-exempt status.


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The request comes after questions about the behaviour and qualifications of the IRB members have been raised.
In their rulings, both the IRB and the appeal court of first instance appear to have danced around politically sensitive issues and existing case law.
The rugby world is abuzz over William Ryder, the rising 23-year-old Fijian whose hat trick last weekend in New Zealand gave the reigning World Cup champion its second successive triumph on the IRB Rugby Sevens tour.
 
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