Utility revenue bond

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Utility revenue bond

A municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished.

Utility Revenue Bond

A municipal bond issued in order to finance the construction of a public utility, such as a power plant or a water treatment plant. A utility revenue bond is guaranteed by and is paid out of the revenues derived from the sale of those utilities.
References in periodicals archive ?
The stormwater utility revenue bonds are secured by the net proceeds of all special assessments levied against property benefited by the original project and collected by the county.
Fitch Affirms Various Sarasota County, Florida Ratings; Outlook Stable
Approximately $19 million subordinate utility revenue bonds at 'A-'.
Fitch Affirms North Sumter County Utility Dependent District, FL's Utility & Sub Revs
Approximately $665,000 taxable utility revenue bonds (consolidated utility system), series 2012B.
Fitch Rates FL Governmental Utility Auth (Consolidated Utility System), FL's Utility Revs 'A-'
NEW YORK -- As part of ongoing surveillance efforts Fitch Ratings has upgraded the rating on the City of Santa Clara, CA's $222 million electric utility revenue bonds to 'A+' from 'A'.
Fitch Upgrades Silicon Valley Power's (Santa Clara, CA) Electric Revs to 'A+'
Approximately $138 million water and sewer utility revenue bonds series 2012A rated 'AA+';
Fitch Rates Broward County, Florida's Rev & Rfdg Bonds 'AA+'; Outlook Stable
42 million water utility revenue bonds, series 2007 to 'AA-' from 'AA'.
Fitch Downgrades De Pere, Wisconsin's Water Utility Revs to 'AA-'; Outlook Stable
The long-term 'AA' rating assigned to the series MT-779 P-FLOATs is based on the rating that Fitch has assigned to the City of Springfield, Missouri, public utility revenue bonds, series 2006 (rated 'AA', Stable Outlook) that have been deposited in the MT-779 series trust.
Fitch Rates Bank of America Merrill Lynch P-FLOATs Series MT-773, 775, 776, 777 & 779
119 million in outstanding water development impact fee and subordinate lien water utility revenue bonds, series 2007 upgraded to 'AA-' from 'A+'.
Fitch Upgrades Gilbert, AZ Water Resource MPC Development Fee Water Revs to 'AA-'; Outlook Stable
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