municipal

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Municipal Bond

A bond issued by a local or state government. Municipal bonds are usually used to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a bond to build a new school or a new playground. Municipal bonds are exempt from federal income taxes and sometimes from state and local taxes as well. Municipals usually pay lower coupons than corporate bonds, but because the yield is tax-free, the after-tax basis may be higher for a municipal bond. Risk varies with the municipality and the particular type of municipal bond. It is sometimes called a municipal improvement certificate.

municipal

References in periodicals archive ?
ATLANTA, June 19, 2013 /PRNewswire/ -- Efacec ACS, a global provider of smart grid solutions, has been selected to install a complete turn-key PRISM (TM) SCADA system to Ohio's largest municipally owned electric utility, Cleveland Public Power (CPP).
There were a lot of regulations and rules about municipally owned entities being able to offer services like this.
Introduced by House Majority Whip Greg Curtis, a Republican --and sponsored by a local business coalition headed by AT&T Broadband--the new law also forbids a municipally owned utility provider from using any of its proceeds to bankroll municipally owned telecommunications networks.
With 80 percent of the water and wastewater systems still in government control, the purchase of municipally owned systems such as Kidder Township is an area of great growth potential.
The Gansevoort Market area has been home to the City's wholesale meatpacking industry since the late 1940s, when the municipally owned and operated Gansevoort Meat Market cooperative was opened.
Turning the sour fruit of the state's energy deregulation into local lemonade, the municipally owned utilities in Glendale and Burbank have reaped millions of dollars from surplus power sales since the start of the crisis nearly six months ago.
NLC, and many other state and local groups, have expressed concerns about current federal barriers to municipally owned electric utilities, created by outdated municipal bond private use restrictions.
In 1966, as assistant health officer in Scarborough, Toronto, she helped launch the first municipally funded "family planning" clinic (i.
Because it is municipally owned, the Garland utility operates on a not-for-profit basis, does not pay various taxes as commercial ventures do, and can borrow money at a lower cost.
Contract notice: Power supply via a power contracting for municipally owned property in the district beuern
In addition, the company in partnership with Cranford will develop and construct the first municipally owned parking garage in Cranford as part of the redevelopment.
Knudsen as President and Chief Executive Officer of the nation's largest municipally owned natural gas utility.