Revenue Bonds
Revenue bonds are issued for municipal projects that generate revenue and are secured by (i.e., repaid solely by) the revenue stream that is generated by the facility or geographic area they are used to finance – e.g., user fees from a parking garage or utility, or tolls from a road or bridge. Like GO bonds, revenue bonds are tax exempt and can be issued by governmental entities at the state or local level, including counties, cities, transit agencies, special-purpose districts, public utilities, school districts, etc.
