municipal utility district (MUD)

  

Definition

A political entity in charge of providing utility-related services such as water, sewage, and drainage services. A MUD is typically enacted by state law and is funded by special assessment bonds. Individuals living in a municipal utility district will be assessed a tax based on the value of their property and the current tax.

Related Videos




http://www.businessdictionary.com/definition/municipal-utility-district-MUD.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z