Industrial Revenue Bonds Explained

Industrial revenue bonds irbs one of the ways in which state and local governments can subsidize private business is by providing low cost financing via the issuance of bonds.

Industrial revenue bonds explained. Industrial revenue bonds irbs are used in kansas to finance acquisition and construction of a broad variety of industrial commercial and industrial properties under k s a. An industrial revenue bond irb also formerly known as an industrial development bond idb is a unique type of revenue bond organized by a state or local government. Corporations can borrow money by issuing bonds on their own in the commercial marketplace in which case they must offer investors the prevailing rate of interest. Irb s require a governmental entityto act as the issuer of the bonds who will hold an.