Utility revenue bond

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Utility revenue bond

A municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished.

Utility Revenue Bond

A municipal bond issued in order to finance the construction of a public utility, such as a power plant or a water treatment plant. A utility revenue bond is guaranteed by and is paid out of the revenues derived from the sale of those utilities.
References in periodicals archive ?
The stormwater utility revenue bonds are secured by the net proceeds of all special assessments levied against property benefited by the original project and collected by the county.
Approximately $19 million subordinate utility revenue bonds at 'A-'.
Approximately $665,000 taxable utility revenue bonds (consolidated utility system), series 2012B.
Approximately $138 million water and sewer utility revenue bonds series 2012A rated 'AA+';
42 million water utility revenue bonds, series 2007 to 'AA-' from 'AA'.
The long-term 'AA' rating assigned to the series MT-779 P-FLOATs is based on the rating that Fitch has assigned to the City of Springfield, Missouri, public utility revenue bonds, series 2006 (rated 'AA', Stable Outlook) that have been deposited in the MT-779 series trust.
119 million in outstanding water development impact fee and subordinate lien water utility revenue bonds, series 2007 upgraded to 'AA-' from 'A+'.
Approximately $88 stormwater utility revenue bonds affirmed at 'AA-'.