Under Arkansas Act 9 of 1960, cities and counties are authorized to issue
industrial revenue bonds to help private companies.
The agency placed on a review for possible upgrade the company's Baa3 senior unsecured notes rating, Prime-3 short-term rating, Baa3 backed
industrial revenue bonds rating, (P)Baa3 senior shelf rating, (P)Ba1 subordinated shelf rating, (P)Ba1 senior subordinated shelf rating, (P)Ba1 junior subordinated shelf rating and (P)Ba2 preferred shelf rating.
IDA is a conduit agency that issues tax-exempt
industrial revenue bonds to assist eligible commercial, industrial, not-for-profit and other qualified entities to finance expansion opportunities.
A representative of Infigen, the Australian firm that owns the Caprock Wind Farm, and a bond attorney, on December 8, 2014, asked for authorization from the Quay County Commission to seek
industrial revenue bonds for the project.
So the city of Osceola stepped up and agreed to do bond financing, very similar to
industrial revenue bonds, for $2 million," he said.
It is a conduit agency that issues tax-exempt
industrial revenue bonds that assist eligible industrial, commercial and not-for-profit entities to finance expansion opportunities.
7 million in
Industrial Revenue Bonds was passed by the Wichita City Council with a vote of 7-0.
The Arkansas Development Finance Authority assisted in the expansion project financing by issuing
industrial revenue bonds.
EDC administers the programs of the New York City Industrial Development Agency (IDA), which issues double and triple tax-exempt
industrial revenue bonds to assist eligible commercial, industrial and nonprofit corporations to finance business expansion within the city's five boroughs.
