Industrial Development Revenue Bonds - IDRBs Definition. DEFINITION of 'Industrial Development Revenue Bonds - IDRBs'Municipal debt securities issued by a government agency on behalf of a private sector company and intended to build or acquire factories or other heavy equipment and tools. BREAKING DOWN 'Industrial Development Revenue Bonds - IDRBs'Industrial Development Revenue Bonds are issued by a government to assist a private company that might otherwise be unable to obtain financing for its industrial venture or unwilling to undertake the project on its own. The government's goal in providing the debt securities is to improve the economic and employment conditions of its region.
Official Texas Economic Development Corporation. Finding the Money to Fund a Promising Project: The Governor's Economic Development Office Can Help You Explore Your Opportunities. Texas is committed to providing and facilitating funding for companies and communities with expansion and relocation projects in the state. Asset- based loans for companies, leveraged loans to communities and tax- exempt bond financing are just a few means of obtaining the capital necessary for a successful project., collectively PDSBI, is a revolving loan program financed through original bond issuances.
A revenue bond is a special type of municipal bond distinguished by its guarantee of. DEFINITION of 'Industrial Development Revenue Bonds - IDRBs' Municipal debt securities issued by a government agency on behalf of a private sector company and. Incentives - Industrial Local. Industrial Revenue Bond Program. Industrial Revenue Bond Program. The State of Texas Industrial Revenue Bond Program.
The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the state. Your company can secure loans with property, plant and equipment which can be amortized over the life of the asset. Texas is interested in creating and retaining high- quality jobs. For more information, contact.
The EDF administers the Texas Product/Business Fund at the direction of the Governor's appointed nine member board. Communities may leverage future sales tax revenues to expand economic development through business expansions, business recruitment and exporting. Awarding loans from $2.
TLF is available for interim, long- term. TLF loans provide flexible financing terms to match the unique needs of communities. The funds are low- cost loans, providing capital to communities at floating Prime Rate, as published in the Wall Street Journal.
Industrial Revenue Bond Program; Texas Industry. Federal Enterprise Zone / Renewal Community Program; Tax Exempt Industrial Revenue.
Pledged tax collections not needed for actual debt service are available for other projects. Under the Act, examples of eligible projects include land, buildings, machinery and equipment for manufacturing and industrial operations as well as sports, athletic, entertainment and public park purposes and events. For more information and/or to request an application packet, please contact the. The Act allows cities, counties, and conservation and reclamation districts to form non- profit industrial development corporations (IDCs) or authorities on their behalf to provide bond financing for projects within their jurisdictions. As such, it does not constitute a debt or obligation of the sponsoring governmental unit, the IDC. The bond amount cannot exceed $1. These facilities must be government owned, but they can be leased or operated by management contractors.
Port of Port Arthur Navigation District of Jefferson County, Texas Environmental Facilities Revenue Bonds (Motiva Enterprises LLC Project) Series 2010 Subseries D. What is a 'Revenue Bond' A revenue bond is a municipal bond supported by the revenue from a specific project, such as a toll bridge, highway or local stadium. The State of Texas Industrial Revenue Bond Program is designed: Bond Program: to provide tax-exempt financing to finance land and depreciable.
For more information, please contact the Economic Development Finance department within the Governor's. The amount of financing that can be provided is also dependent upon the creditworthiness of the applicant. To apply or request additional information, contact. The program is also intended to stimulate job creation in Texas by requiring supported businesses to have at least 8. Texas. It's one way small businesses in Texas receive venture capital. Construction or purchase of residential housing and simple real estate investments (excluding those occupied by the applicant. You may also contact a participating lender listed below or call the Office of the Governor's Economic Development Finance department at (5.
Capital Access Program Participating Lenders. Lift. Fund. D, Suite 1. Austin, Texas 7. 87.