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- W318783864 abstract "Significant among our nation's problems is that of meeting the energy and environmental requirements for the future. The demand for electric energy will increase drastically in the next twenty years, requiring the installed generating capacity to be quadrupled by 1990.1 New solid waste disposal facilities are required. All industries face the task of abating air and water pollution. These activities will require huge outlays of money. One method of financing future facilities for such purposes is through the use of tax-exempt bonds issued by state or local governments and their political subdivisions.2 Proceeds from such bond issues may be used for financing publicly owned facilities and, in some cases, facilities utilized by private industry. The prime advantage to a public agency and to private industry in financing with tax-exempt bonds stems from the cost of money. At an estimated spread of approximately IV2 points between the tax-exempt borrowing rate and the taxable borrowing rate, the saving to a user through use of a $1 million tax-exempt bond is about $300,000 over the term of a 20-year issue. On a $5 million project, the saving would be about $ 1.5 million over a 20-year bond term. The provisions in the Internal Revenue Code and the new IRS regulations3 allowing tax-exempt financing for facilities owned or used by private industry for certain purposes are the subject of this article." @default.
- W318783864 created "2016-06-24" @default.
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- W318783864 date "2016-01-01" @default.
- W318783864 modified "2023-09-27" @default.
- W318783864 title "Financing the Future Demand for Electric Energy and Pollution Control Facilities — The Tax Exempt Bond" @default.
- W318783864 hasPublicationYear "2016" @default.
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