Revenue Bonds For Water

Water and sewer revenue bonds are issued to finance the construction and improvement of sanitation or water utility facilities.

Revenue bonds for water. A type of municipal bond that is issued to finance utility projects such as electrical plants water systems sewer systems or any other type of public utility. Fitch ratings has assigned a aa rating to the following bonds issued by the city of pasadena ca the city on behalf of pasadena water and power pwp approximately 31 million water revenue refunding bonds series 2020a. Revenue bonds for water power drains etc. Water and sewer public power electric utilities bonds.

Utility revenue bonds essential services bonds are municipal debt securities which are designed to finance public utility projects. Water rates were increased in july 2005 as a result of the issuance of these water revenue bonds. Water revenue bonds program at the may 1 1998 board meeting resolution no. Pursuant to rent ordinance section 37 3 a 5 b and rules and regulations section 4 14 50 of the water bill charges attributable to water rate increases resulting from the issuance of water revenue bonds can be passed through to tenants.

Revenues to meet debt service are derived from various rates and fees which most often are based on usage and connections. 87 28 005 county treasurer treasurer of the county defined. Fitch ratings austin 04 nov 2020. 98 12 authorized bonds of the authority to be designated as water resources revenue bonds for funding for water related projects that do not qualify for funding from the dwrf and wpcrf programs.