TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Industrial development revenue bonds are a company's use of a government's ability to issue tax-free obligations. The bonds are available at lower interest-rates than conventional types of financing (generally 1 1/2 to 3 percentage points lower), and they provide 100 percent of the financing of land, building, and equipping a facility, with the money generally available within 45 days. The 'players' required for this type of financing are - the company, which is required, primarily, to create new jobs in the geographic area where the financing is to take place; a bank, which acts as trustee; a local development 'agency' (such as an economic development board of a community improvement corporation); an underwriter who specializes in municipal financing; bond counsel (lawyers) with a national reputation in municipal finance; and the government entity that will issue the bonds.  1, record 1, English, - industrial%20development%20revenue%20bond

Record 1,  Textual support,  French

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

Municipal revenue bond whose debt service is paid from net lease payments made by an industrial corporation to the municipality. For the interest income to be exempt from federal taxation for the bondholder, the corporation must use the facilities to improve civic services or for pollution control activities.  1, record 2, English, - industrial%20development%20bond

Record 2,  Textual support,  French

Record 2,  Textual support,  Spanish