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.

Mentioned in

References in periodicals archive

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 9.107.8) and has recently designed the nation's first Localization Portfolio Standard (LPS) for the City of Boulder, Colorado, in 2011, after which voters approved a green municipal utility (2B, 2C) earlier this month.

Local Power Inc. Receives $390k Task Order from City of San Francisco to Design and Prepare Requests for Proposals Documents for Major Green Electricity Localization

Jewett has served as senior managing underwriter for more than USD25bn (EUR19.6bn) municipal revenue bond issues.

BMO Capital Markets adds US public finance exec

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.

Banks' risk levels may affect CEO pay

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.

Supreme Court gives IRS power to tax city and town bonds

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.

Statement to the Congress

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.

Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Committee on Banking and Financial Services, U.S. House of Representatives, February 28, 1995

Investors must face the reality that public power debt can no longer be analyzed as a mere municipal revenue bond. "It is a government-owned business in a highly competitive market," Cox said.

The changing face of public power: survival of the fittest?

to postpone a $60 million municipal revenue bond sale it had planned to issue IM week to finance the construction of a football stadium.

Nashville is first casualty of Moynihan arena debt legislation

Municipal Revenue Bonds May Offer Higher Yield Potential - Municipal revenue bonds have the potential to offer both a high level of absolute and relative after-tax current income potential versus GOs of equal maturity (which, generally, are perceived to have a higher credit quality as they are backed by the state's taxing power).

-Aging U.S. Infrastructure and Growing Population Fuel Need for New Construction Financed through Municipal Bonds, Says BNY Mellon's Standish