revenue bond

noun

: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property

Examples of revenue bond in a Sentence

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The commission also approved $180 million in revenue bonds for the Ragin’ Cajun Facilities, Inc. – University of Louisiana at Lafayette Energy Project, not exceeding 6% tax exemptions, 7% taxable, and a maturity of 32 years. —

Jacob Mathews | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 21 Oct. 2024 Utility board OKs $22.3M in bonds Central Arkansas Water’s board of commissioners on Thursday agreed to issue approximately $22.3 million of capital-improvement water revenue bonds. —

Joseph Flaherty, arkansasonline.com, 15 Oct. 2024 Along with the property tax break, the committee approved up to $17.5 million in industrial revenue bonds. —

Bill Lukitsch, Kansas City Star, 10 July 2024 Equally, revenue bond issuers or borrowers generally adhere to Generally Accepted Accounting Principles in their financial reporting. —

Barnet Sherman, Forbes, 17 Sep. 2024 See all Example Sentences for revenue bond