Wyoming Senator Reintroduces Legislation Expanding Use of IDBs

Duff, Susanna
April 2003
Bond Buyer;4/2/2003, Vol. 344 Issue 31606, p3
Trade Publication
The member of the U.S. Senate Finance Committee Craig Thomas on April 1, 2003 reintroduced legislation that would make it easier for small manufacturers to use small-issue industrial development bond (IDB) financing to expand their operations. The bill would raise the aggregate bond and capital expenditure limit for small-issue IDBs from 10 million dollars to 20 million dollars and adjust it annually for inflation. In 2002, Thomas, who is a member of the Senate Finance Committee, proposed the same legislation as an amendment to an economic stimulus package that was pulled from the Senate floor. The compromise proposal would have increased the capital expenditure limit to 20 million dollars, but would have kept the current 10 million dollar cap on the size of a bond issue intact.


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