Industrial Development Revenue Bond


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Industrial Development Revenue Bond

A municipal bond in which a local government entity is seeking to raise money for a private company. A municipality issues an IDRB 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.
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As part of the state's qualifying process, the Lane County Board of Commissioners earlier this month approved GloryBee's request to pursue industrial development revenue bonds.
Several Eugene-Springfield area companies have used industrial development revenue bonds to help fund their projects.
tax-exempt variable-rate demand industrial development revenue bonds series 2007A (LOC: Comerica Bank);
taxable variable-rate industrial development revenue bonds series 2007B (LOC: Comerica Bank);
California Infrastructure & Economic Development Bank (CA) (Hydro Systems, Inc) variable-rate demand industrial development revenue bonds series 2010A (LOC: Comerica Bank);
Bond proceeds will be used to pay the cost of, or reimburse the Borrower for (a) refinancing the outstanding California Infrastructure and Economic Development Bank variable rate demand industrial development revenue bonds, series 2003 (Hydro Systems, Inc.
NEW YORK -- Fitch Ratings assigns a rating of 'AA-/F1+' to the Iowa Finance Authority's $5,000,000 variable rate demand industrial development revenue bonds (InterWest, L.
NEW YORK -- Fitch Ratings assigns a rating of 'AA-/F1+' to the Vermont Economic Development Authority variable rate demand industrial development revenue bonds (Agri-Mark, Inc.
3,690,000 industrial development revenue bonds series
NEW YORK -- Fitch Ratings assigns an 'A+/F1' to the City of Los Angeles Industrial Development Authority variable-rate demand (VRD) industrial development revenue bonds (KH Enterprises LLC) series 2008.
NEW YORK -- Fitch Ratings assigns an 'AA-/F1+' to the California Enterprise Development Authority variable rate demand industrial development revenue bonds (Ramar International Corporation Project), consisting of: $8,220,000 for tax-exempt series 2008A and $1,780,000 for the taxable series 2008B.
NEW YORK -- Fitch Ratings confirms the 'AA-/F1+' rating assigned to the $2,250,000 (current outstanding amount $1,260,000) California Statewide Communities Development Authority weekly adjustable / fixed rate industrial development revenue bonds (RL Group, LLC Project), Series 1998C.

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