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Affordable Housing Glossary Definition (English)
Revenue Bonds Defined
The following is in context to Affordable Housing, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"Bonds payable from a specific source of revenue and which do not pledge the full faith and credit of the Issuer. Revenue bonds do not permit the bondholders to compel taxation or legislative appropriation of funds not pledged for payment of debt service. Pledged revenues may be derived from the operation of the financed project, grants, and excise or other specified non-ad valorem taxes. Generally, no election is required prior to issuance or validation of revenue bonds."
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Expert Dictionary: Revenue Bonds
