Industrial Revenue Bonds Kentucky

Industrial revenue bonds irb may be issued by state and local governments in kentucky to help finance industrial buildings as defined by krs 103 200.

Industrial revenue bonds kentucky. Bond funds may be used to finance the total project costs including engineering site preparation land buildings machinery and equipment and bond issuance costs. Industrial revenue bonds under krs 103 210 krs 103 210 requires the kentucky economic development finance authority kedfa to evaluate and give its prior approval of the reduction of the state ad valorem tax rate on property being financed through the issuance. To assist with economic development krs 103 200 to 103 286 authorize kentucky cities and counties to issue bonds to fund the purchase or construction of industrial buildings. Industrial revenue bonds irb may be issued by state and local governments in kentucky to help finance industrial buildings as defined by krs 103 200 and housing projects.

City county the kentucky economic development finance authority kedfa an air board or a riverport authority issuer issues industrial revenue bonds under krs chapter 103 to acquire an economic development project project project can include land land improvements buildings machinery and equipment.