Large Bond Program

Large Bond Program

Program Name: Large Bond Program

Resource Type: State

State: Indiana, Great Lakes

Agency: Program Source: Dedicated Revenue

Description: Private Activity Bonds greater than $3 million, often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs), are bonds issued by state or local governmental entities for the benefit of a private company. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower. IFA recommends that you contact your lender to determine if this program is right for you.