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
Famous quotes containing the word purpose:
“The very purpose of existence is to reconcile the glowing opinion we have of ourselves with the appalling things that other people think about us.”
—Quentin Crisp (b. 1908)
“I have no purpose to introduce political and social equality between the white and black races. There is a physical difference between the two, which, in my judgement, will probably for ever forbid their living together upon the footing of perfect equality; and inasmuch as it becomes a necessity that there must be a difference, I ... am in favour of the race to which I belong having the superior position.”
—Abraham Lincoln (1809–1865)
“Productive collaborations between family and school, therefore, will demand that parents and teachers recognize the critical importance of each other’s participation in the life of the child. This mutuality of knowledge, understanding, and empathy comes not only with a recognition of the child as the central purpose for the collaboration but also with a recognition of the need to maintain roles and relationships with children that are comprehensive, dynamic, and differentiated.”
—Sara Lawrence Lightfoot (20th century)