Purpose
Revenue bonds may be issued to construct or expand upon various revenue-generating entities, including:
- Water and Wastewater (Sewer) utilities
- Toll roads and bridges (see toll revenue bond)
- Airports, seaports, and other transportation hubs
- Power plants and electrical generation facilities
- Prisons
Generally, any government agency or fund that is run like a business, generating operating revenues and expenses (sometimes known as an enterprise fund), can issue revenue bonds. An agency that provides a free service, such as a school, can not do so, as their only revenue is tax dollars.
Read more about this topic: Revenue Bond
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