State of California Industrial Development Revenue Bond Program

Up to $10 Million in Tax-Exempt Securities

Industrial Development Bonds (IDBs) are tax-exempt securities issued up to $10 million by a governmental entity to provide money for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies.

Issuers of IDBs

• The I-Bank
• Local Industrial Development Authorities
• Joint Powers

Guidelines & Restrictions

Projects financed by the bonds must be a facility used for the manufacturing, production or processing of tangible property, including the processing resulting in the change of such property.