SAN FRANCISCO - Some provisions in the federal stimulus bill should broaden the base of eligible users of industrial development bonds and private facility bonds in a way that should particularly benefit West Coast states, say some participants in those sectors.

Through 2010, industrial development bonds are no longer limited to borrowers who build facilities to produce "tangible" products. They are now available to borrowers who produce "intangible" products, a definition that can include copyrights, patents, software, and intellectual property associated with biotechnology and pharmaceuticals, according to the Council of Development Finance Agencies, which lobbied for years for such a change.

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