Sản phẩm & Rủi roCâu 126 / 398
The debt service on a municipal revenue bond is paid from:
a.Ad valorem property taxes levied by the issuer
b.The general fund of the state legislature
c.The income produced by the specific project or facility that the bond financed
d.Federal grants earmarked for the issuer
Giải thích
A revenue bond is self-supporting: it is repaid solely from the revenue (user fees, tolls, or charges) generated by the facility it financed, such as an airport, toll bridge, or utility. Because repayment depends on that project's success rather than broad taxing power, revenue bonds typically carry somewhat more credit risk than GO bonds.
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