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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.
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 Eddy County Board of County Commissioners Tuesday approved $500M of industrial revenue bonds to Matador Resources to build a new gas plant.
A revenue bond is a form of municipal debt that is repaid by revenue from a project. For this particular bond, Republic Services will be required to repay the Mission Economic Development Corp ...
Fulcrum sold about $290 million of environmental improvement revenue bonds between 2017 and 2020 through the Nevada Department of Business and Industry to fund construction of its Sierra Biofuels ...
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 ...
Oct. 27—Bernalillo County approved a tax break for an energy storage project in Southwest Albuquerque on Tuesday. New hotels and an apartment building near Sawmill Market and Hotel Chaco could ...
Some have the ability to raise revenue bonds. The fastest-growing OBE is the industrial development agency which issues tax-exempt industrial revenue bonds to finance private business ventures mainly to revitalize economically depressed areas. Many are formed to deal with special local situations.