(The other Shelby County municipalities have their own IDBs.) The IDB can also provide tax-exempt industrial development bond
financing to assist qualified projects.
The Massachusetts Development Finance Agency has issued a $7.04 million tax-exempt industrial development bond
on behalf of Horn Packaging Corp., an Ayer manufacturer of protective packaging and shipping materials.
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
This discussion suggested a number of ways in which NLC policy and lobbying may need to be strengthened, including, dynamically shifting private use percentages with redevelopment bonds, solid waste facility bonds, and a constantly changing market for recyclables, and the difficulty of controlling the capital expenditures of a private firm that may be using facilities created through a city-sponsored industrial development bond
A Northern California daily newspaper recently won city council approval for a $5.1 million industrial development bond
package to construct a new newspaper plant, but due to time constraints in meeting an Oct.
The Industrial Development Bond
Cap was created by the Federal Tax Reform Act of 1986 and establishes an annual bond volume cap ceiling for the issuance of certain tax exempt private activity bonds issued by the State and other authorized entities during a calendar year.
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.
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.
Advanced Environmental Recycling Technologies Inc., 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
The Arkansas Economic Development Commission approved a $5 million guarantee on an industrial development bond
for a Welspun plant in June.