- Bonds issued by the Fairfax County
- Requires
new bond referendum approved by county voters, which could be scheduled
as early as 2006
- Lowest possible tax-free interest rate ensured because
of the County's AAA credit rating for 30 years
- Necessitates documenting
requests for specific revitalization projects and resulting returns
on investment
- Bonds must be sold within eight years of the referendum (with a possible
two-year extension) or the referendum authority lapses
- Bond resources
can only be used to finance public purpose elements in a revitalization
project.
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