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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.
If you’re eligible for the Cash Back program and haven’t received your check by the end of January, the Colorado Department of Revenue Taxation Division said to fill out this form and mail it ...
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.
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