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Industrial Development Board approves conduit revenue bond to finance Goodwill project
Summary
The White House Industrial Development Board approved Resolution 24-2 to issue a conduit revenue bond to finance a project for Goodwill Industries of Middle Tennessee; board members were told the bond is structured so the board has no liability, and the resolution also adopted state-recommended debt-management and tax-exempt bond policies.
The White House Industrial Development Board approved Resolution 24-2 on the issuance of a conduit revenue bond to finance a project to be owned and operated by Goodwill Industries of Middle Tennessee. Speaker 2 (Board member) moved to approve the form of the financing documents and to authorize their filing; the motion was approved by voice vote.
Board members were advised the bond is a conduit financing: the governmental issuer (the Industrial Development Board) issues the bonds to secure favorable federal tax…
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