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Industrial revenue bonds (IRBs) are a type of municipal bond, issued by a state or local government on behalf of a private company for a specific project.
Industrial Development Bonds (IDB’s) are tax-exempt securities issued up to $10 million by a government agency to provide money for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies.
Industrial Development Bond (IDB) financing is a technique whereby a state or local government allows a private user, like a manufacturing company, to benefit from the government’s status as a tax-exempt entity and its ability to issue debt obligations at tax-exempt rates.
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.
Industrial Development Bonds (IDBs) are tax-exempt securities issued up to $10 million by a governmental entity to provide money for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies.
One ambiguity in Arizona concerns the proper definition of industrial development bonds, or IDBs. The Arizona statute refers to IDBs as defined in the 1954 code, which has been superseded by the 1986 code.
The Role of Industrial Development Bonds (IDBs): IDBs are a common form of conduit financing used to support the construction or improvement of industrial facilities. By issuing IDBs, a municipality can assist a private company in obtaining the necessary funds at a lower cost.
Chapman and Cutler LLP's Industrial Development Revenue Bonds Group has been instrumental since the 1970s in developing, and assisting qualifying borrowers in utilizing, the industrial development bond financing tool.
Tax-exempt bond financing, as we know it today, has become the cornerstone of economic development financing. While there are a myriad of tax-exempt bond financing options available, one of the most popular is qualified small issue Industrial Development Bonds (IDBs) for manufacturers. IDBs are used to finance the expansion and
Tax-Exempt Bonds: A Quick Guide to Industrial Development Bonds . Industrial Development Bonds (“IDBs,” also referred to as qualified small issue bonds or small issue manufacturing bonds) are a type of qualified private activity bond under the Internal Revenue Code of 1986, as amended (the “Code”).