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minent.
The compromise bill may limit each local jurisdiction’s IDB issuance to $75-perperson, annually. For the Industrial Development Authority of Front Royal and Warren Counties, the new law would reduce to $1.5 million the total amount the Authority could issue in IDBs in one year.
Congress is facing heavy lobbying pressure not to make such dramatic limits in the amount of bond monies available.
State governors view the bonds as a method to promote development and encourage new business. Bond underwriters, pollution-control companies and even res
86.6%