The type of municipal debt issue that is designed to help attract local businesses is
A) tax and revenue anticipation notes.
B) industrial development bonds.
C) grant anticipation notes.
D) revenue bonds.

Question

Quizplus · Accepted Answer

Industrial development bonds are a type of municipal bond issued specifically to help finance projects that promote economic development and job creation within a community. These bonds typically offer tax benefits and lower interest rates to businesses looking to finance capital projects, which can make it more attractive for them to locate or expand in the area. Tax and revenue anticipation notes, grant anticipation notes, and revenue bonds are not specifically designed to attract local businesses.

The Type of Municipal Debt Issue That Is Designed to Help