Authorized to issue taxable and tax-exempt industrial development revenue bonds, UCIDA supports qualified projects, typically not-for-profit corporations and manufacturing endeavors, among others. These bonds are conduit in nature, with the responsibility for debt service resting solely on the applicant. By utilizing letter of credit-backed taxable or tax-exempt industrial development revenue bonds, companies can access affordable long-term, fixed-rate financing without the burden of SEC registration costs.
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