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DEVELOPMENT BONDS

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One Million Dollar Issue

If the facility to be financed does not qualify as an exempt facility and is used in the trade or business of a for-profit person or enterprise, it is possible to finance the facility through the issuance of not exceeding one million dollars of industrial development bonds. The small issue exemption may not be used to finance working capital or inventory, and may only be used to finance property or items which are capital in nature.

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INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF NEW ORLEANS, LOUISIANA, INC.

Contact Us:
Sharon Martin - Administrator
Industrial Development Board of the City of New Orleans
1340 Poydras Street, Suite 1114
New Orleans, Louisiana 70112
Telephone: 504 658-4242 FAX: 504 617-6514
E-mail: mail@idbcno.com
Mail To:

P.O. Box 19996
New Orleans, Louisiana 70179