Utility Revenue Bond – Investopedia

A utility revenue bond, also known as an essential service bond. BREAKING DOWN ‘Utility Revenue Bond‘. A utility revenue bond is used to fund capital projects in areas considered essential to public services including hospitals, fire service, water and waste

REQUEST FOR US Municipal Utility Revenue Debt…/files/moodys-rfc-municipalutilitybonds.pdf

A utility revenue bond enjoys no such open-ended pledge, making the legal edifice of the bond critical to bondholder security. Most commonly, the legal security for municipal utility revenue bonds is a lien on the net revenues of the system. Occasionally, bondholders enjoy a lien on the gross revenues of a

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.

Also, a nonprofit corporation cannot be sold.  It is simply not possible.  If a nonprofit corporation were to “close down”, or dissolve, the board of directors of the nonprofit must distribute all of the nonprofit’s assets to another nonprofit corporation after all debts have been settled. …