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Project Note

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Project Note
A short-term debt security issued by a municipality, usually in order to finance a federally-sponsored real estate or urban renewal project. When project notes are issued for this purpose, they are guaranteed by the U.S. Department of Housing and Urban Development. These are considered very low-risk bonds, and help the issuer cover the costs of a project while also avoiding taking on long-term debt.

project note (PN)
A short-term debt security issued by a municipality to finance a federally sponsored real estate project with repayment guaranteed by a pledge from the United States Department of Housing and Urban Development. These securities are considered very high-grade.


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You should also see cabinetry, countertops, flooring and appliance make and model numbers as well as all global project notes including specific cabinetry names.
An initial $150 million tranche in project notes is expected to price Sept.
ALCO is authorized to issue tax and revenue anticipation notes, project notes and funding notes.
 
 
 
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