Municipalities can fund projects by the use of revenue bonds, which are to be paid back by revenues derived from the facility to be built.

Question

Quizplus · Accepted Answer

Revenue bonds are a type of municipal bond where the repayment of the bond, both principal and interest, is primarily secured by the revenue generated from the project or facility that was funded by the bond, such as toll roads, bridges, or hospitals.

Municipalities Can Fund Projects by the Use of Revenue Bonds