Municipal revenue bond

Municipal revenue bond

A bond issued to finance a public project that is funded by the revenues of the project.

Municipal Revenue Bond

A municipal bond that is not secured by the issuer's general revenue but instead by the revenue of the project it intends to finance. For example, a city may issue a revenue bond to finance improvements to the local sewer system. It expects to be able to pay back the bond with money raised from citizens' water bills. Generally speaking, a revenue bond is riskier than other municipal bonds because the project has no power to tax on its own. However, it is usually a fairly safe investment. See also: Authority Bond.
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S&P Taxable Municipal Revenue Bond Infrastructure Index : An index consisting of revenue bonds in the S&P Taxable Municipal Bond Index that are related to infrastructure.
has developed numerous additional strategies for energy localization whether by CCAs or municipal utilities, drafted the nation's first renewable energy municipal revenue bond authority (City Charter Section 9.
As a result, banking organizations have broadened their business to include such activities as municipal revenue bond underwriting, commercial paper underwriting, discount brokering, underwriting mortgage-backed securities, managing and advising mutual funds, and selling insurance products and annuities.
The case involves the responsibility of a city or town to monitor or manage bond proceeds in the case of an idb or industrial development bond, where, unlike a general obligation or municipal revenue bond, the city act as more of a conduit than manager of the tax-exempt bond proceeds.
Fundamental Advisors was formed in July 2007 to invest in special situations related to the municipal revenue bond market, seeking to revitalize distressed assets in such sectors as senior care, affordable housing, student housing and infrastructure.
The federal approval of bank entry into the municipal market, which NLC has advocated for over 25 years, should permits Zions, along with other banks, which are likely now to apply for and receive revenue bond powers, to compete with local securities firms for municipal revenue bond business.
It is reasonable to anticipate that if securities activities are authorized for bank affiliates, banking organizations, especially regional and smaller banking organizations, would use their information base to facilitate securities offerings by smaller, regional firms as well as local municipal revenue bond issues.
The first variable rate municipal revenue bond (for the city of Winston-Salem) which also was the first water and sewer revenue bond in North Carolina and the highest rated water and sewer financing of any municipality in the Southeast.
Jewett has led public-private partnerships as well as innovative project financings over the course of her career, including serving as senior managing underwriter for over $25 billion municipal revenue bond issues including numerous U.
It is thus reasonable to anticipate that if securities activities are authorized for bank affiliates, banking organizations, especially regional and smaller banking organizations, would use their information base to facilitate securities offerings by smaller, regional firms, as well as local municipal revenue bond issues.
to postpone a $60 million municipal revenue bond sale it had planned to issue IM week to finance the construction of a football stadium.
Public and private partnerships have changed the credit landscape of solid waste systems, blending municipal revenue bond analysis with the credit review of corporate participants," said Janet H.

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