Harris County Industrial Development Corporation
Industrial Revenue Bonds
Harris County Industrial Development Corporation can assist new or expanding business enterprises by issuing Private Activity Bonds. HCIDC is a conduit issuer of revenue bonds authorized by the Texas Legislature on August 13, 1981, under the Texas Government Code Chapter 501 on behalf of Harris County, Texas.
Harris County's credit does not support revenue bonds issued by HCIDC. Harris County is specifically prohibited from lending its credit or anything of value in aid of HCIDC bonds. Responsibility for interest payment and repayment of principal on the bonds rests with the developer of the business enterprise.
Revenue bonds issued under Chapter 501 may be taxable or tax‐exempt. However, HCIDC's primary focus is on issuing tax‐exempt revenue bonds. Tax‐exempt revenue bonds generally have lower interest costs – savings passed on to the developer – than similar corporate bonds.
Projects meeting these criteria include:
- Waste management and recycling facilities
- Highway facilities (Title 23 funded)
- Freight transfer facilities
- Qualified carbon dioxide capture facilities
- Qualified broadband facilities
- Airport facilities
- Docks and wharves
- Environment enhancements of hydro‐electric generating facilities
- Qualified green buildings
- Qualified sustainable design projects
- Qualified enterprise zone facilities
- New empowerment zone facilities
- Manufacturing facilities (<$10 Mil.)
- Industrial facilities (<$10 Mil.)
For additional details on Texas’ industrial revenue bond issuance program, please see Texas Industrial Revenue Bond Regulations.
Please visit HCIDC for additional information or call (713) 775-8971.