Nevada Bonds (Nevada Municipal Bonds)
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Nevada bonds come in a wide variety to cater to the needs of both short-term and long-term investors. These are tax-exempt bonds aimed at the economic and industrial development of the state.[br]
Nevada Bonds: Investment Options
The following are some of the popular Nevada Municipal bonds:
Clark County, Nevada: The bonds issued by this county are aimed at the industrial development of Nevada. The county issues a variety of revenue and other bonds at variable or fixed interest rates. Clark County also offers bonds on which the interest is subject to the Federal alternative minimum tax.
Industrial Development Revenue Bond (IDRB): This fund has issued more than 50 types of municipal bonds since its establishment. The fund aims at the diversification in and economic development of the state. These bonds are meant for high net worthy clients, who need financing for feasible business plans. The State of Nevada offers a special tax-exempt financing form and features flexible terms. The rate of interest can be fixed or variable. Borrowers can get financing from the Nevada Office of Business Finance and Planning for the following project:
· Renewable Energy Projects
· Manufacturing facilities
· Non-profit facilities for non-profit organizations engaged in promoting education, health care, cultural activities and assisted living.
· Solid Waste or Recycling Facilities[br]
Nevada State Board of Finance: This authority issues a variety of revenue and other bonds for the economic development of Nevada. For instance, it approves the sale of bonds for major highways, and state and university construction projects.
The Multi-Family Housing Bonds: These are revenue bonds on which tax is not levied. The issuer of these bonds is the housing division, which is designated to finance the affordable housing projects. It also issues taxable mortgage revenue bonds for the purpose of financing for permanent mortgages housing projects smaller than $5,000,000 in size.
The Multi Family Bond Financing Program: The bond financing program for multifamily projects was widely used in the early 1980’s and once again in 1994. This program was established under Nevada Revised Statutes 319. The purpose of this program is to create channels for funding medium to large scale housing projects. These projects are greater than $5,000,000 in size
