resource recovery revenue bond

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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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Robbins helped capitalize the project by issuing $320 million worth of tax-exempt resource recovery revenue bonds to underwrite the plant.
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