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industrial development bond

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industrial development bond
A type of municipal revenue bond in which interest and principal payments are secured by the credit of a private firm rather than by the municipality. Also called industrial revenue bond. See also private activity bond.


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Rittner touches on many types of private activity bonds, including: small issue industrial development bonds, qualified redevelopment bonds, qualified mortgage bonds, new clean
The Jonesboro City Council last week approved Nordex USA's request to increase its industrial development bonds to $125 million.
Prior Law Prior law limited use of tax-exempt "qualified small issue" bonds, sometimes called industrial development bonds or IDBs, to traditional manufacturing facilities that produced tangible personal property1 and certain processing activities.
 
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