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
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.