Revenue Bond
A bond which is to be repaid from a specific source of revenues, typically those produced by the facility or system for which the bond is issued.
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Special Tax Bond
Tax-based Revenue Bonds that are secured by revenues derived from one or more designated Taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), Special Assessments, hotel occupancy taxes, sales taxes and limited Ad Valorem Taxes.
See Also
Special Assessment
A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large.
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Pricing
In a competitive sale, it is the term used for when the bids on the bonds are received by the issuer. In a negotiated sale, it is the term used for the process and result of the determination by the underwriter(s) and the issuer of the Interest Rates and public offering prices at which the bonds…