The Environmental Improvement and Energy Resources Authority (EIERA), in cooperation with the Missouri Department of Economic Development (DED), issues private activity bonds to provide funding for qualifying environmental, pollution prevention or energy related projects. These bonds are tax-exempt securities that offer governmental and quasi-governmental entities, private companies and not-for-profit corporations the ability to raise low-cost capital for revenue-generating projects that benefit the public.
Financing may be structured as short term notes, intermediate or long-term bonds and fixed or variable rates. Since 1972, approximately $3.3 billion in debt has been issued on behalf of private entities. Private activity bonds are repaid solely by the entity for which EIERA issues the bonds. EIERA is not liable for repayment of the principal or interest due on the bonds.
Resources
- Private Activity Bond Financing Guidance
- Private Activity Bond Issuance Application
- Private Activity Bond Tax-Exempt Financing Compliance Procedure, Nov. 1, 2012
- Private Activity Bond Allocation Program – Department of Economic Development
- Tax-Exempt Private Activity Bonds General Federal Tax Law Rules – Internal Revenue Service