Revenue Anticipation Note

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Revenue Anticipation Note (RAN)

A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project.

Revenue Anticipation Note

A municipal bond, with a maturity of one year or less, that is repaid to bondholders with expected revenues from the project the RAN intends to finance. For example, a city may issue an RAN to finance improvements to the local museum. It expects to be able to pay back the bond with money raised on increased ticket sales at the museum after improvements are completed.

revenue anticipation note (RAN)

A short-term municipal obligation with repayment to be made from a revenue source other than taxes.
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References in periodicals archive ?
SAN FRANCISCO -- Fitch Ratings has assigned an 'F1+' rating to the State of Colorado's (the state) $300,000,000 education loan tax and revenue anticipation notes (ETRANs) series 2008B.
Funds that could be used to repay $350 million in Colorado's general fund tax and revenue anticipation notes (GTRANs) also are available on a subordinate basis if the two funds cited above are not sufficient.
NEW YORK -- Fitch Ratings confirms the 'F1+' rating on the Commonwealth of Massachusetts' $750 million general obligation (GO) revenue anticipation notes (RANs), consisting of $375 million 2008 series B RANs due April 30, 2009 and $375 million 2008 series C RANs due May 29, 2009.
SAN FRANCISCO -- Fitch Ratings has assigned an 'F1+' rating to the State of Colorado's (the state) $215,000,000 education loan tax and revenue anticipation notes (ETRANs) series 2008A.
SAN FRANCISCO -- Fitch Ratings has assigned a rating of 'F1+' to the State of Colorado's $310,100,000 education loan tax and revenue anticipation notes series 2007B.
Funds that could be used to repay $500 million in Colorado's general fund tax and revenue anticipation notes (GTRANs) also are available on a subordinate basis if the two funds cited above are not sufficient.
SAN FRANCISCO -- Fitch rates the State of Colorado's $150,000,000 education loan tax and revenue anticipation notes (ETRANs) series 2007A 'F1+'.
SAN FRANCISCO -- Fitch rates the State of Colorado's $200,000,000 education loan tax and revenue anticipation notes series 2006B 'F1+'.
AUSTIN, Texas -- Fitch assigns a rating of 'F1+' to Bernalillo County (the county), New Mexico's $30 million tax and revenue anticipation notes (TRANs), series 2006A, which are scheduled to sell via Internet auction on Dec.
NEW YORK -- Fitch Ratings assigns an 'F1+' rating to the City of Richmond, VA's $65 million general obligation (GO) revenue anticipation notes (RANs) series 2006, which are scheduled for competitive bids on Nov.
NEW YORK -- Fitch rates the State of Iowa's $500,000,000 tax and revenue anticipation notes (TRANs), series 2006, 'F1+'.
Texas regularly uses tax and revenue anticipation note (TRANs) for cash management, with the series 2007 notes selling under a $5.