ANNOUNCEMENT 06 Sep 2012

Tax-exempt industrial development bonds for qualified manufacturing operations can be loaned to eligible companies to acquire land, buildings, or equipment.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 06 Sep 2012 | Removal date: open ended
Still in force

State loan

On September 6, 2012 the Port of Port Arthur Navigation District issued industrial development corporation exempt facilities revenue bonds for the Total Petrochemicals & Refining USA, Inc. project (Series 2012a). The principal value at issuance was $100,000,000. Tax-exempt industrial development bonds are typically issued and loaned to eligible companies to acquire land, buildings, or equipment.

AFFECTED SECTORS