industrial development bond

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.

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 new facility was funded by: the Governor's "California Competes" initiative, which offers tax incentives; and through a California Industrial Development Bond coordinated by California United Bank.
The IDB can also provide tax-exempt industrial development bond financing to assist qualified projects.
04 million tax-exempt industrial development bond on behalf of Horn Packaging Corp.
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.
repayment in full upon a closing of the State of Wyoming Industrial Development Bond Loan, or a payment of US$10,000,000 on or before March 31, 2014 under certain circumstances;
According to a nationwide survey of states' private activity volume cap usage by The Bond Buyer, the portion of the cap devoted to the industrial development bond sector shrank significantly in 2001.
These companies were financed through ADFA's and the Arkansas Economic Development Commission's Industrial Development Bond Program, which enables the state to expand its industrial base and create employment by offering tax-exempt and taxable interest rates.
Finally, the authors discuss the growth of industrial development bond (IDB) issues in the Detroit area.
As executives searched for a new location, they learned about a little-known source of financing: the state's Industrial Development Bond program, offering bonds at low interest rates to manufacturing companies with the goal of retaining California's industrial base.
OTC Bulletin Board: BESN) announced today that Jesup & Lamont Securities Corporation (AMEX: JLI) has been appointed to be the sole manager on a series of Tax-Exempt Manufacturing Industrial Development Bond Issues across the United States with the first issuances being in Florida, Arkansas, Georgia, Pennsylvania, New York, Mississippi, Texas, California, and Tennessee.
The Bridge Loan is intended to provide interim working capital for the Company's flagship Lost Creek Project construction prior to receiving funds from the State of Wyoming Industrial Development Bond program.
in a filing with the Securities & Exchange Commission, disclosed that it paid off and terminated the Series 2003 bonds and a $1 million loan to Regions Bank and then refunded a prior 2003 industrial development bond obligation.

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