The local government of Clintonville wants to install a sewer system and use the revenue generated from providing the sewer services to residents. To raise the funds to install the sewer system, the local government might issue

Question

Quizplus · Accepted Answer

Revenue bonds are issued by municipalities to finance projects that will generate revenue, such as sewer systems, and the revenue from the project is used to pay back the bondholders.

The Local Government of Clintonville Wants to Install a Sewer