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industrial development bond

    0.03 sec.
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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The Oregon Economic and Community Development Department has provided $750 million in industrial development bond financing to Oregon companies since the state launched the bond program in 1975.
Barbara Left, (R-Paradise Valley) Chairman of the House Commerce Committee, for her sponsorship and outstanding effort on HB 2390, the Multifamily Industrial Development Bond Allocation bill.
Bronfman, a Santa Monica financial adviser who handles an average of about a dozen industrial development bond deals yearly, says the bonds have been overlooked recently as a means of financing expansion.
 
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