County approves $600M bond

County commissioners have approved a $600 million industrial revenue bond.

A private company must pay back this bond.

Enterprise Products in February announced plans to build a natural gas processing plan 17 miles outside Loving.

While building the plant costs just $412 million, the bond sells for the higher amount because of the interest.

The bond keeps the company exempt from some taxes. It also gives it incentive to keep building the project in Eddy County.

The Current-Argus reports Enterprise may bring 250 jobs to the county over the next couple years.