TITLE

New Mexico County OKs $16B of Self-Funded IRBs by Intel

AUTHOR(S)
Watts, Jim
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/20/2004, Vol. 349 Issue 31972, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the expected revenue bonds that would allow Intel Corp. to issue a multi-billion dollar self-industrial revenue bonds in Sandoval County, New Mexico. Avoidance of Intel with income and property tax by using the bonding mechanism to finance equipment purchases and expansions at the plant; Authority given to County Commissioner Damon Ely to negotiate and sign an agreement with Intel; Purpose of the bonds being exempted from state income taxes to attract and keep capital intensive industries in the state.
ACCESSION #
14500662

 

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