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IDBs down, housing up. (News Briefs).(industrial development bond )(Brief Article)(Statistical Data Included)
According to a nationwide survey of states' private activity volume cap usage by The Bond Buyer, the portion of the cap devoted to the industrial development bond sector shrank significantly in 2001. While states' aggregate volume cap allocation increased by 28 percent in response to a federally enacted higher cap level, the issuance of IDBs fell from $3.01 billion in 2000 to $2.06 billion in 2001. Created by Congress in 1986, the private-activity bond volume cap restricts the amount of tax-exempt debt that ...
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