S&P: IRS Audits Won't Hurt FHLB-Backed Bonds
- Third-Party Certification in New Issues of Corporate Tax-Exempt Bonds: Standby Letter of Credit and Bond Rating Interaction. Stover, Roger D. // FM: The Journal of the Financial Management Association;Spring96, Vol. 25 Issue 1, p114
The article discusses a research that examines samples of industrial revenues and pollution control bonds with or without standby letter of credit backing issued during 1986-1989. As firms have attempted to reduce the costs of debt financing, management has utilized several means of credit...
- IRS Says Illinois Deal Not Exempt. Shields, Yvette // Bond Buyer;11/22/2002, Vol. 342 Issue 31519, p1
Reports on the issuance of preliminary determination by the Internal Revenue Service that interest on a multi-million dollar industrial revenue bond issue is not exempt from federal income taxes. Use of standby letter of credit in the deal; Effects of the decision on other bond deals; Other...
- The Role of the Bank Letters of Credit in Corporate Tax-Exempt Financing. Joo-hyun Kim; Stover, Roger D. // Financial Management (1972);Spring87, Vol. 16 Issue 1, p31
This article examines the impact of the letter of credit on the interest cost of municipal bond offerings. Municipalities often issue industrial revenue bonds to build facilities for corporations with lease payments from the latter covering interest and principal. The corporation generally...
- The big build-out: Sacramento's `unique' growth project. Kruger, Daniel // Bond Buyer;09/16/97, Vol. 321 Issue 30231, p6
Reports on Sacramento's North Natomas development project to be financed by special-bond tax from the North Natomas Drainage Community Facilities District No. 97-01. Offering of coupons; Call for the development of about 9,000 acres of land; Increasing of the size of Sacramento by 15%; Unique...
- Industrial development bonds, alive and well. Polizotto, Bruce A. // Indianapolis Business Journal;10/24/94, Vol. 15 Issue 30, p12
Discusses the mechanics of utilizing industrial development bonds (IDB). Qualification of costs for financing; Tax exemption conditions; State issuance of IDB; Public hearing of applications; Volume allocation under federal limitations.
- Finance. Allen, James C. // Treasury & Risk Management;May/Jun95, Vol. 5 Issue 3, p12
Focuses on industrial revenue bonds (IRB) as a tax-exempt alternative to bank financing for American corporations' funding for their small projects. Features of IRBs; Benefits of IRBs' for companies and municipalities.
- BFA acts on four projects. // New Hampshire Business Review;7/7/95, Vol. 17 Issue 14, p4A
Reports that the Board of Directors for the Business Finance Authority of New Hampshire approved $14.5 million in Industrial Revenue Bonds for four projects. Industrial development revenue bonds for Cambridge Tool and Manufacturing Co. Inc. and Poly-Vac Inc.
- St. Louis County Sets $20 Million of RZEDBs for Hospital. Devitt, Caitlin // Bond Buyer;6/1/2010, Vol. 372 Issue 33325, p4
The article reports on the 20 million U.S. dollars of tax-exempt special obligation bonds and taxable recovery zone economic development bonds (RZEDBs) to be sold by St. Louis County to finance hospital's construction in Berkeley, California.
- Bond Projects Put Off. Watts, Jim // Bond Buyer;6/1/2010, Vol. 372 Issue 33325, p9
The article reports on the postponement of the bond-financed projects by the Phoenix City Council in Arizona.