Municipal bond insurance can assist resource recovery projects

Journal Article · Fri Dec 01 04:00:00 EST 1989 · Solid Waste and Power; (United States)

OSTI ID:5627208

Allard, S J ^[1]

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1. Financial Guaranty Insurance Co., New York, NY (United States)

As landfill capacity around the country shrinks, the need for resource recovery plants grows. This trend will only increase in years to come. In many regions, the disposal crisis will make the solid waste sector an increasingly important area of the municipal bond industry. This is true despite federal tax reform, which has placed more restrictions on the issuance of tax-exempt debt over the past five years. Often, bond insurance can help issuers of resource recovery bonds. Insurance broadens their appeal to investors while reducing interest costs to the issuer. In this article, the author discusses the elements that a municipal bond insurer evaluates. As with all insurance, resource recovery plant insurance depends on the amount of risk, the type of risk, and how the risk is structured.

• OSTI ID: 5627208
• Journal Information: Solid Waste and Power; (United States), Journal Name: Solid Waste and Power; (United States) Vol. 3:6; ISSN SWPOE
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290201* -- Energy Planning & Policy-- Economics-- (1992-)
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320604 -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Municipal Waste Management-- (1980-)
ENERGY FACILITIES
FINANCIAL SECURITY
FINANCING
INDUSTRIAL PLANTS
INSURANCE
INTEREST RATE
INVESTMENT
RESOURCE RECOVERY FACILITIES
RISK ASSESSMENT
WASTE PROCESSING PLANTS