lease-rental bond

(redirected from Lease Rental Bond)

Lease-Rental Bond

A long-term municipal or other government bond that is used to finance public works, especially public buildings. Most of the time, the bond is repaid with rents or lease payments from these buildings. Occasionally, however, a lease-rental bond is also a general obligation bond.

lease-rental bond

A long-term state or municipal obligation, the proceeds of which are used to finance public-purpose projects such as police stations and public office buildings. Debt service, along with maintenance and operational expenses, is covered by rental or lease payments from the facilities, although some bonds are also general obligations of the respective issuers.
References in periodicals archive ?
5 million in Lease Rental Bonds 1992 Series (Liberty State Park Project) will also remain outstanding after this issue and are affirmed at 'A+'.
MOST STATE DEBT IS APPROPRIATION BACKED: The commonwealth's debt is primarily in the form of lease rental bonds, requiring appropriation, and appropriations debt is recognized and accepted as commonwealth debt obligations.
Lease Rental Budgeting and Appropriation: The 'AA' rating on the lease rental bonds reflects the city's covenant to budget and appropriate sufficient funds for debt service, should other city revenues pledged to debt service payments prove insufficient.
The Commonwealth of Kentucky's (the commonwealth) debt is primarily in the form of lease rental bonds, requiring appropriation, and appropriations debt is recognized and accepted as commonwealth debt obligations.
Kentucky's debt is primarily in the form of lease rental bonds requiring appropriation for debt service.
1990 Series A Lease Rental Bonds (Library Facilities) dated 12/1/90
Fitch will assign an 'AA-' rating, Negative Outlook, to Kentucky school district lease rental bonds qualifying for participation in the School Credit Enhancement Program.
The lease rental bonds are payable from lease payments made by the CIB to the MCCRFA.
Fitch will assign an 'AA-' rating to Kentucky school district lease rental bonds qualifying for participation in the School Credit Enhancement Program.
Commonwealth debt is primarily in the form of lease rental bonds, requiring appropriation.
The Commonwealth of Kentucky's (commonwealth) debt is primarily in the form of lease rental bonds, requiring appropriation, and appropriations debt is recognized and accepted as commonwealth debt obligations.
The Commonwealth of Kentucky's debt is primarily in the form of lease rental bonds, requiring appropriation.