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Industrial Revenue Bonds

The State of Texas Industrial Revenue Bond Program (IRB) is designed to provide tax-exempt or taxable financing for eligible industrial or manufacturing projects as defined in the Development Corporation Act of 1979.  These projects typically involve significant private activity. KEDC may issue tax-exempt bonds to finance land and depreciable property for manufacturing facilities. Proceeds are passed on to private businesses, which are generally responsible for debt service payment.
 
The maximum bond amount is $10,000,000 for tax exempt bonds and the total capital expenditure limitation for the project is $20,000,000. The bonds are subject to the state’s private activity bond volume cap administered by the Texas Bond Review Board. 
 
The Texas Economic Development Office of the Governor website offers more information.
 
Companies interested in applying for an industrial revenue bond should contact KEDC Executive Director Amanda Nobles at (903) 983-3522 or [email protected]