Revenue Anticipation Note

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Revenue Anticipation Note (RAN)

A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project.

Revenue Anticipation Note

A municipal bond, with a maturity of one year or less, that is repaid to bondholders with expected revenues from the project the RAN intends to finance. For example, a city may issue an RAN to finance improvements to the local museum. It expects to be able to pay back the bond with money raised on increased ticket sales at the museum after improvements are completed.

revenue anticipation note (RAN)

A short-term municipal obligation with repayment to be made from a revenue source other than taxes.
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References in periodicals archive ?
Funds that could be used to repay $650 million in Colorado's general fund tax and revenue anticipation notes (GTRANs) on a priority basis also are available for investment if two funds mentioned above are not sufficient.
NEW YORK -- Fitch rates Colorado's $650 million general fund tax and revenue anticipation notes (TRANs), series 2006A 'F1+'.
NEW YORK, June 22 /PRNewswire/ -- Colorado's $250 million general fund tax and revenue anticipation notes series 1994 are rated 'F-1+' by Fitch.
SAN FRANCISCO -- The City of Los Angeles, CA's $772,604,000 2006 tax and revenue anticipation notes (TRANs) are rated 'F1+' by Fitch Ratings.
NEW YORK, June 16 /PRNewswire/ -- Houston, TX's $110 million Tax and Revenue Anticipation Notes, Series 1994 are rated 'F-1+' by Fitch.
NEW YORK -- Fitch Ratings assigns an 'F1+' rating to the $575,000,000 School District of Philadelphia (the district) tax and revenue anticipation notes, series A of 2006-2007.
s $250 million 1994-1995 Tax and Revenue Anticipation Notes are rated "F- 1+" and $300 million 1994-1995 Taxable Notes are rated "F-1+" by Fitch.
AUSTIN, Texas -- Fitch assigns an 'F1+' rating to Houston, TX's (the city) $150MM tax and revenue anticipation notes (TRANs), series 2006, scheduled to sell on a competitive basis on June 21.
NEW YORK, May 25 /PRNewswire/ -- The New York City Transit Authority's $160 million Revenue Anticipation Notes are rated 'F-1' by Fitch.
SAN FRANCISCO -- Fitch rates Oakland, California's (the city) approximately $75 million 2006-2007 tax and revenue anticipation notes (TRANs) 'F1+'.
200 million 1994 general obligation tax revenue anticipation notes, series 1994A, are rated "F-1+" by Fitch.
NEW YORK -- The state of Wyoming's $250 million education fund tax and revenue anticipation notes (TRANs), series 2006A, are rated 'F1+' by Fitch Ratings.