State bonds that are repaid with the revenues from the service they finance are called
A)proprietary bonds.
B)general obligation bonds.
C)revenue bonds.
D)none of these choices is true;Texas can never borrow money.

Question

Quizplus · Accepted Answer

Revenue bonds are a type of municipal bond issued by state or local governments to finance public facilities or projects that generate revenue, such as toll roads or airports, and are repaid using the revenue or profits generated from the service they finance. This is in contrast to general obligation bonds, which are backed by the full faith and credit of the issuing government and are repaid using taxpayer funds, and proprietary bonds, which are issued by government-owned enterprises.

State Bonds That Are Repaid with the Revenues from the Service