Public Corporation Subject to Resolutions & Board of Directors
The Industrial Development Corporation (IDC) of the Port of Longview, Washington, is a public corporation created pursuant to Chapter 300, Laws of Washington 1981 and Resolution Number 81-42 of the Port of Longview, adopted November 10, 1981.
The business and affairs of the Corporation are managed by a 3-member board of directors that exercises the Corporation's powers. These directors also serve as the Port of Longview's Commissioners.
The IDC is authorized to facilitate the issuance of tax-exempt non-recourse revenue bonds to finance industrial development facilities within the corporate boundaries of the Port of Longview. Revenue bonds issued by the IDC are payable from revenues derived as a result of the industrial development facilities funded by the revenue bonds. The bonds are not a liability or contingent liability of the Port or a lien on any of its properties or revenues other than industrial facilities for which they are issued.