resource recovery revenue bond

Resource Recovery Revenue Bond

A municipal bond used to construct a waste processing or recycling center. The coupons and principal on a resource recovery revenue bond are secured by the fees paid by users of the center and/or by the sale of the recycled products.

resource recovery revenue bond

A debt obligation, usually issued by a municipality or local government agency, the proceeds of which are used to construct a facility that converts solid waste into some sort of salable item. Debt service is generally covered through fees paid by firms disposing of garbage and through revenues from the sale of an end product such as energy or fuel.
References in periodicals archive ?
The construction of the facility was funded in 1994 by the issuance of $385 million ($45 million of which has already been repaid) in Resource Recovery Revenue Bonds by the Village of Robbins.
3 million, solid waste & resource recovery revenue bonds, series 2006A upgraded to 'A+' from 'A'; --$40.
11 /PRNewswire/ -- Effective today, Moody's Investors Service lowered the rating on $86,780,000 Warren and Washington Counties Industrial Development Agency resource recovery revenue bonds from "Ba" to "B.
s (Northampton) $153 million senior tax-exempt series 1994 A resource recovery revenue bonds due 2019 (senior bonds) at 'C'.
NEW YORK, July 14 /PRNewswire/ -- Warren and Washington Counties Industrial Development Agency, NY's Resource Recovery Revenue Bonds (Adirondack Resource Recovery Project) have been lowered to 'BB' from 'BBB(Conditional)' by Fitch.
In February 2006, Fitch downgraded Northampton's $153 million senior tax-exempt series 1994A resource recovery revenue bonds due 2019 (the Bonds) from 'BBB-' to 'BB-', citing weak margins and deteriorating debt service coverage ratios.
s (Northampton) $153 million senior tax-exempt series 1994 A resource recovery revenue bonds due 2019 to 'BB-' from 'BBB-' and removed it from Rating Watch Negative.
s (Northampton) series A resource recovery revenue bonds on Rating Watch Negative.
Massachusetts Industrial Finance Agency and Massachusetts Development Finance Agency resource recovery revenue bonds (Ogden Haverhill Project), unenhanced rating upgraded to 'B' from 'CC' and remains on - Rating Watch Evolving;
28, 2001-- Standard & Poor's today assigned its preliminary triple-'B' rating to Massachusetts Development Finance Agency's $301 million resource recovery revenue bonds (SEMASS Partnership).
3 million of outstanding resource recovery revenue bonds.
Fitch has assigned a 'BBB+' underlying rating to $107 million Montgomery County Industrial Development Authority's (PA) resource recovery revenue bonds (Montgomery County Project Series 1989).
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