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An industrial revenue bond (IRB), also formerly known as an Industrial Development Bond (IDB), is a unique type of revenue bond organized by a state or local government. The bond issue is sponsored by a government entity but the proceeds are directed to a private, for-profit business.
The Eddy County Board of County Commissioners Tuesday approved $500M of industrial revenue bonds to Matador Resources to build a new gas plant.
Most jurisdictions only allow bonds to be floated based upon a portion (usually capped at 50%) of the assumed increase in tax revenues. For example, if a $5,000,000 annual tax increment is expected in a development, which would cover the financing costs of a $50,000,000 bond, only a $25,000,000 bond would be typically allowed.
Industrial revenue bonds (formerly called Industrial Development Revenue Bonds) are bonds issued to construct facilities or purchase equipment which is then leased to a corporation Infectious Diseases Branch, a division of the California Department of Public Health that conducts surveillance, investigation, control and prevention of many ...
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Revenue Bond of the City of New York, issued 3. June 1858, signed by mayor Daniel F. Tiemann. A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax.
The new bonds are industrial revenue bonds issued through the California Statewide Communities Development Authority as the conduit. Moody's Investors Service, ("Moody's") today assigns an A1 ...
This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.