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An industrial revenue bond (IRB), also formerly known as an Industrial Development Bond (IDB), is a unique type of revenue bond organized by a state or local government. The bond issue is sponsored by a government entity but the proceeds are directed to a private, for-profit business.
(The Center Square) — Credit ratings agency S&P placed a credit watch warning on Los Angeles’s general obligation and municipal improvement lease revenue bonds, signaling at least a one-in-two ...
Revenue Bond of the City of New York, issued 3. June 1858, signed by mayor Daniel F. Tiemann. A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax.
A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds. Revenue bonds are typically "non-recourse", meaning that in the event of default, the bond holder has no recourse to other governmental ...
Rating Action: Moody's assigns Aa3 to California SPWB's lease revenue bonds; outlook stableGlobal Credit Research - 29 Mar 2022New York, March 29, 2022 -- Moody's Investors Service has assigned a ...
Rating Action: Moody's assigns Baa1 to Public Finance Authority Federal Lease Revenue Bonds (Fort Sam Houston Acquisition Financing), TX; outlook stableGlobal Credit Research - 23 Mar 2022New York ...
These are "essentially" rental or lease contracts, or conventional lease-revenue bonds. With these sukuk, the borrower's tangible asset is 'sold' to the financier and then 'leased' back to the borrowers. The borrowers then make regular payments back to the financiers from the income stream generated by the asset. [50]
It is most commonly used in public finance, where governments (the lessors) lease or assign the right to collect and retain the whole of the tax revenue to a private financier (the farmer), who is charged with paying fixed sums (sometimes called "rents", but with a different meaning from the common modern term) into the treasury.