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 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 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.
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.
1 million industrial development bond package to construct a new newspaper plant, but due to time constraints in meeting an Oct.
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.

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