Single-Issue Industrial Revenue Bond Program (Missouri)
Last modified on February 12, 2015.
|Applies to States or Provinces||Missouri|
|Name||Single-Issue Industrial Revenue Bond Program (Missouri)|
|Policy Category||Financial Incentive|
|Policy Type||Bond Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics|
|Implementing Sector|| State/Province
|Program Administrator||Missouri Development Finance Board|
|Primary Website|| http://www.mdfb.org/Programs/Revenue%20Bonds.html
|Last Review|| 2014-09-15
The Missouri Development Finance Board administers a Single-Issue Tax-Exempt Industrial Revenue Bond Program as well as a Taxable Industrial Revenue Bond Program. The Tax-Exempt Program finances (i) the acquisition, construction and equipping of qualified manufacturing production facilities and/or equipment, and (ii) refinances outstanding tax-exempt bonds. It provides low interest rate loans to qualified borrowers, and is limited to loans ranging from $400,000 to $20 million for industrial, manufacturing, production, or related support industries. Except for the refinancing of outstanding bond issues, commercial, non-manufacturing, real estate, retail and service projects are not eligible for the Tax-Exempt Program. The Taxable Bond Program also finances the acquisition, construction and equipping of qualified facilities and/or equipment. All types of retail, commercial and industrial projects qualify for participation in the Taxable Bond Program. The Taxable Bond Program provides competitive rate loans to qualified borrowers through the issuance of private activity, industrial revenue bonds by the Board.
|Department||Missouri Development Finance Board|
|Address||Governor Office Building, 200 Madison StreetSuite 1000|
|Address 2||P.O. Box 567|
|Place||Jefferson City, Missouri|