债券上限分配计划

Since its inception in 1987, the Bond Cap Allocation Program has approved more than $15.3 billion in tax-exempt private activity bond issuing authority for a variety of projects in Washington state.自XNUMX年成立以来,“债券上限分配计划”已为华盛顿州的各种项目批准了超过XNUMX亿美元的免税私人活动债券发行机构。 The program authorizes the issuance of bonds under the federal bond volume cap, but does not directly fund or finance projects.该计划授权根据联邦债券发行量上限发行债券,但不直接为项目提供资金或融资。 Funds used for projects receiving permission to issue tax-exempt private activity bonds come from private investors who purchase the bonds, not from governmental entities.用于获得发行免税私人活动债券许可的项目的资金来自购买债券的私人投资者,而不是政府实体。

华盛顿的分配增加了8.3万美元

The federal government bases each state's annual Bond Cap allocation on its population.联邦政府根据每个州的人口分配年度债券上限。 Washington State's population increased by 79,302 during 2019, according to the US Census.根据美国人口普查,华盛顿州的人口在2020年增加了8.3。 Thus, our tax-exempt private activity bond authority available for the 799 calendar year has increased by roughly $XNUMX million to a total of more than $XNUMX million.因此,我们在XNUMX日历年可用的免税私人活动债券授权增加了约XNUMX万美元,总计超过XNUMX亿美元。

 

华盛顿2020年分配的计算:

按类别的初始分配:

豁免设施:分配的20.0%$159,912,753
校内住宿:分配的33.6%$268,653,426
住房(地方住房当局)分配的8.4%$67,163,356
小问题:分配的25.0%$199,890,941
助学贷款:分配的5.0%$39,978,188
剩余及重建:分配的8.0%$63,965,101

The Bond Cap allocation is the total amount of borrowing that qualifying types of private projects are allowed to do each year at less expensive tax-exempt rates under federal law.债券上限分配是根据联邦法律,每年允许符合条件的私人项目类型以更便宜的免税率进行的借贷总额。 The lenders (bond purchasers) for these projects are private investors.这些项目的贷方(债券购买者)是私人投资者。 No governmental funds are involved.不涉及政府资金。

有关私人活动债券发行机构如何分配的更多信息,请参阅《债券上限计划》的 2018双年度报告(PDF) 或联系计划经理Allan Johnson。

即将举行的债券上限讨论小组

The Bond Cap Allocation Program will be conducting a virtual Discussion Group on December 1, 2020, from 1:30 pm to 3:30 pm via Zoom.债券限额分配计划将在XNUMX年XNUMX月XNUMX日下午XNUMX:XNUMX至下午XNUMX:XNUMX通过Zoom进行虚拟讨论组。 This meeting is intended to allow for a discussion amongst Commerce staff, program stakeholders, and other interested parties about recent and upcoming topics of interest including;本次会议的目的是允许商务人员,计划利益相关者和其他有关方面就近期和即将到来的感兴趣的主题进行讨论,其中包括; recent issuances, upcoming allocation requests, carryforward designation, volume cap usage trends, recent reports, stakeholder outreach, national bond cap policy and program administration.最近的发行,即将到来的分配请求,结转名称,数量上限使用趋势,最近的报告,利益相关者扩展,国家债券上限政策和计划管理。 If you are interested in attending this virtual meeting, please contact Allan Johnson, Program Manager, via email at如果您有兴趣参加此虚拟会议,请通过电子邮件与计划经理Allan Johnson联系。 allan.johnson@commerce.wa.gov 或致电(360)725-5033。

跳场的图片

项目重点

8.5年2019月发行了约1.9万美元的私人活动债券以支持HECA项目。 In conjunction with $50 million in private financing, this project will help retain XNUMX jobs at HECA's production plant near downtown Yakima.加上XNUMX万美元的私人融资,该项目将帮助HECA在亚基马市中心附近的生产工厂保留XNUMX个工作岗位。 In addition, three new jobs will be directly created.此外,将直接创建三个新作业。 But just as important as the project's direct impacts are the indirect supports it provides to a unique component of the state's economy.但是,与项目的直接影响一样重要的是,项目为州经济的独特组成部分提供了间接支持。

华盛顿州的啤酒花产业主要位于亚基马河谷,是美国啤酒花生产的领导者,几乎所有国内生产的74%来自我们州(https://www.spokesman.com/stories/2018/jun/10/washington-hops-bring-the-flavor-to-booming-craft-/). 这种当地啤酒花的生产是该州精酿啤酒业务的重要组成部分,据估计,该业务可提供6,300个工作,并为该州经济贡献1.4亿美元(https://www.brewbound.com/news/washingtons-craft-brewing-industry-contributes-1-4-billion-to-state-economy).

研究服务计划

申请债券上限

法规和规则

计划章程和规则
RCW 39.86,WAC 365-135

工业税收债券
RCW 39.84

住房金融委员会
RCW 43.180

Economic Dev.经济发展Finance Authority财政局
RCW 43.163

联邦法规
音量上限代码(康奈尔大学)– 26美国海军146

状态更新

立法报告

需要帮助?

艾伦·约翰逊(Allan Johnson),项目经理
allan.johnson@commerce.wa.gov
电话:360-725-5033

研究服务经理Alice Zillah
alice.zillah@commerce.wa.gov
电话:360-725-5035

关于债券上限的常见问题

我们是联邦政府授权的计划,负责规范所谓的“免税私人活动债券”。 这包括审查和批准我们州内的项目,以确保遵守联邦和州法律。

这是国家每年可以授权的合格免税私人活动债券的上限(或上限)。

Tax-exempt private activity bonds provide lower-cost financing for eligible projects.免税私人活动债券为符合条件的项目提供低成本的融资。 Tax-exempt means the bond investor does not have to pay federal taxes on interest earned on the bonds.免税意味着债券投资者不必为债券赚取的利息支付联邦税。 Private activity bonds are a financing option for projects that have a substantial benefit for private business or individuals, but also provide significant benefits to the public.私人活动债券是对私人企业或个人有重大好处,但也为公众带来重大好处的项目的一种融资选择。 Unless authorized under Bond Cap, private activity bonds do not qualify for tax-exempt status.除非根据债券上限获得授权,否则私人活动债券将不具备免税资格。

Projects are eligible if they fit into one of four categories: Small-issue manufacturing, housing (both multifamily and single family), exempt (capital) facilities, and student loans.如果项目属于以下四类之一,则它们是合格的:小额制造业,住房(多户家庭和单身家庭),免税(资本)设施和学生贷款。 Businesses or developers work with public authorities to develop projects and issue the bonds for financing.企业或开发商与公共机构合作开发项目并发行债券进行融资。

A private or government entity submits a request for bond financing to a bond issuing authority.私人或政府实体向债券发行机构提交债券融资请求。 The issuing authority assesses the financing options.发行机构评估融资方案。 If the project qualifies for tax-exempt private activity bonds, the issuing authority submits an application to the Bond Cap Program.如果项目有资格获得免税私人活动债券,则发行机构将向“债券上限计划”提交申请。 Generally the issuer will only submit the request after all other financing is in place, the project is at an advanced stage of readiness, and they are confident the bonds will be sold.通常,发行人只会在所有其他融资都到位之后,项目处于准备就绪的高级阶段后才提交请求,并且他们相信债券将被出售。 The Bond Cap Program reviews the application and, if it approves the project, awards a Certificate of Allocation to the issuing authority.债券上限计划审查该申请,如果批准了该项目,则将颁发证书授予发行机构。 The certificate allows the issuing authority to issue the tax-exempt bonds.该证书允许发行机构发行免税债券。 The bonds must be issued by the deadline stated in the certificate, generally no later than December 15 of the same year.债券必须在证书中规定的期限内发行,通常不迟于同年XNUMX月XNUMX日。 Go走 点击此处 适用于应用程序和其他形式。

The federal bond cap laws, first enacted in 1986, specify the total volume of tax-exempt private activity bonds — and other bonds with volume caps, such as Qualified Energy Conservation Bonds — that may be issued annually in each state.联邦债券上限法律最早于XNUMX年制定,规定了免税的私人活动债券的总数量以及其他具有数量上限的债券,例如合格能源节约债券,每年在每个州发行。 Federal law also describes what types of projects are eligible for each type of bond.联邦法律还描述了哪些类型的项目符合每种债券的条件。 请参阅右侧栏,以获取法规和规则的链接。 State law divides the state's total bond cap by percentage among the eligible project types, and provides guidance for estimating the public value of projects and prioritizing allocations.州法律将州的总债券上限按百分比划分为合格的项目类型,并为估算项目的公共价值和分配优先级提供指导。 State laws also regulate issuing authorities as well as the issuance of industrial development bonds, many of which use bond cap allocations.州法律还规定了发行机构以及工业发展债券的发行,其中许多债券使用债券上限分配。