What does IFD mean in FINANCE

An Infrastructure Finance District (IFD) is a local economic development district created to finance the construction, improvement, and maintenance of infrastructure facilities within a geographically defined area.

Typically, IFDs are used to fund transportation projects such as roadways and bridges, public works such as water systems, sewers, and airports, and telecommunications networks. They may also fund urban redevelopment projects like housing developments and commercial centers.

IFDs generate revenue by issuing bonds that are paid back with property taxes collected on properties within the district. The bonds often have maturities of 20 years or more. The revenues from these bonds can then be used to fund infrastructure projects that have been approved by voters in the district.

An appointed board typically oversees the administration of an IFD by managing budgets and making decisions about funding projects or issuing debt instruments. These boards must answer to elected bodies such as city councils or county commissions who approve any new projects or issues related to their budget allocations.

Any proposed infrastructure projects need approval from both the municipal government board overseeing the district as well as a majority of voters in the geographic area where the project will take place in order to receive funding from an Infrastructure Finance District (IFD).

Generally speaking, yes - bond proceeds from Infrastructure Finance Districts cannot exceed 115% of total property taxes assessed against property owners prior to formation of the district. Cities may also set comparable maximum rates for any particular project undertaken by an IFD in order for it to remain viable and cost-effective over time.

Yes - other sources of money which can be accessed include federal grants, general obligation bonds issued outside the district but dedicated towards its infrastructure developments, state loans or loan guarantees directed to support specific projects within it's purview", philanthropic donations and other forms of private capital investments made directly into approved infrastructural improvements.