ERIC Number: ED116824
Record Type: Non-Journal
Publication Date: 1971-Nov
Reference Count: N/A
Industrial Development Bonds for Financing Projects in Rural Areas. Agricultural Experiment Station Research Report 216.
Fuller, Stephen W.
As one of several special reports on development possibilities for the agriculture and forestry sector of the Four Corners Economic Development Region, this monograph deals with the use of industrial development bonds as a means of resolving finance problems arising from inadequate or nonexistent credit in rural areas. Distinguishing between the general obligation bond (one secured by obligating repayment through tax revenues) and the revenue bond (one secured by the industrial project itself), this report details the laws governing industrial development bonds in each of the states in the Four Corners Region (New Mexico, Utah, Colorado, and Arizona). Additionally, this document presents discussion on the following: (1) the advantages and disadvantages of industrial development bonds; (2) the historical development of industrial development bonds; and (3) the implementation procedure for industrial revenue bonds. The appendices present: (1) A Sample Ordinance Relating to Requirements for the Issuance by a Municipality of Revenue Bonds Pursuant to the Industrial Revenue Bond Act; and (2) Information Required for Applications for Issuance of Municipal Industrial Revenue Bonds. (JC)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Four Corners Regional Commission, Farmington, NM.
Authoring Institution: New Mexico State Univ., Las Cruces. Agricultural Experiment Station.
Identifiers - Location: Arizona; Colorado; New Mexico; Utah