Special Purpose District

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January 1, 1 6 min read Definitions

Municipality Utility District MUD Special Purpose District Utilities Municipal Bonds Infrastructure Development

A Municipality Utility District (MUD) is a special purpose district designed to provide utility services such as water, sewage, drainage, and sometimes other services to a limited geographic area. Established as a municipality rather than a private entity, MUDs can leverage lower interest rates available to municipal bonds to finance infrastructure development.