Industrial Development Bond Financing Program

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South Carolina Jobs-Economic Development Authority
Issue Date
2017
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Industrial development bonds--South Carolina
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Abstract
JEDA acts as a “conduit” issuer of bonds on behalf of a borrowing entity. Certain for-profit entities organizations can finance their projects with tax-exempt bonds, but these entities cannot do so directly. They must borrow through a “conduit” issuer of bonds in order to receive the tax-exempt financing. Therefore, entities do not borrow from JEDA, but rather through JEDA, using JEDA as access to the capital markets at tax-exempt rates. Tax-Exempt bonds may be used to finance qualified manufacturing facilities, non-profit 501(c)(3) facilities and solid waste disposal facilities.
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South Carolina State Library
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Copyright status undetermined. For more information contact, South Carolina State Library, 1500 Senate Street, Columbia, South Carolina 29201.
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