In this episode of Stronger Bonds, hosts Ray Jones and Emily Luther delve into the complexities of Installment Purchase Revenue Bonds (IPRBs), a flexible financing tool for local governments. They discuss the mechanics of IPRBs, the role of nonprofits in facilitating these bonds, and the impact of recent legislative changes on their use. The conversation highlights the benefits and challenges of IPRBs, emphasizing their importance in funding essential community projects while navigating the intricacies of local government financing.

Key Topics:

• The critical difference between IPRBs and general obligation debt, and why nonprofits are central to this process
• How local governments can use revenue sources beyond property taxes—like development fees, hospitality taxes, and even infrastructure impact fees—to make installment payments
• The market’s view of IPRBs, their cost relative to traditional bonds, and why they aren’t just "cheaper" or a loophole
• Legislative tweaks: what recent bills could mean for this flexible financing tool and your community’s growth plans
• Real-world examples of cities using IPRBs for projects that serve development, all while preserving borrowing capacity for emergencies and essential infrastructure

Link to Senate Bill 891: https://www.scstatehouse.gov/sess126_2025-2026/bills/891.htm

Parker Poe - Government & Municipalities

Emily Luther

Ray Jones

Do you have a question, a topic idea, or a request? Please email us at [email protected].

Stronger Bonds is recorded and produced by Robby Woodard.

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