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    res over a six year period going both backwards and forwards three years. The maximum any company may ha
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    Industrial Revenue Bonds have a variety of names and purposes, but there are three basic types of bond issuances as follows:

    • Tax Exempt - (Small Issue IDB's) Because the income derived by the bond holder is not subject to federal income tax, the maximum bond amount is $10 million in any given jurisdiction. According to federal regulations, the $10 million total includes the bond amount and capital expenditures over a six year period going both backwards and forwards three years. The maximum any company may hav

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    • Tax Exempt - (Small Issue IDB's) Because the income derived by the bond holder is not subject to federal income tax, the maximum bond amount is $10 million in any given jurisdiction. According to federal regulations, the $10 million total includes the bond amount and capital expenditures over a six year period going both backwards and forwards three years. The maximum any company may ha

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    er is not subject to federal income tax, the maximum bond amount is $10 million in any given jurisdiction. According to federal regulations, the $10 million total includes the bond amount and capital expenditures over a six year period going both backwards and forwards three years. The maximum any company may ha
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    n. According to federal regulations, the $10 million total includes the bond amount and capital expenditures over a six year period going both backwards and forwards three years. The maximum any company may ha
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    res over a six year period going both backwards and forwards three years. The maximum any company may have is $40 million nationwide outstanding at any given period.

    • Taxable - They are not exempt from federal tax. The essential difference is that the Taxable bond rate is more costly to the borrower and not being subject to the federal volume cap, may exceed $10 million in bond amount.

    • Exempt Facility/Solid Waste Disposal Bond - These bonds are subject to volume cap although there is no restriction on a

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