Municipal revenue bond

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.
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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.
Jewett has served as senior managing underwriter for more than USD25bn (EUR19.6bn) municipal revenue bond issues.
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.
According to FINRA, Robert Lawson and LFC knew about financial difficulties faced by the municipal revenue bond conduit borrowers (the charter school in Arizona and the two assisted living facilities in Alabama), but hid that information from LFC customers who bought the bonds.
Currently, an investor is being paid just about __% more income to own a lower-investment-grade municipal revenue bond over an AAA GO municipal bond.
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.
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.
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.
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.
to postpone a $60 million municipal revenue bond sale it had planned to issue IM week to finance the construction of a football stadium.
Lawson and others with his firm sold millions of dollars of municipal revenue bonds to clients, which were underwritten by LFC and related to an Arizona charter school and two assisted living facilities in Alabama -- borrowers that Robert Lawson and LFC knew faced financial difficulties.
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).

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