Bonds issued by a government that are paid through a secured stream (i.e. derived from the financed project, outside grants, or other taxes related to the project). Generally, voter approval is not required for these types of bonds.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
Sports Betting Now Legal in New Jersey1 day ago
Why Texas May Tap Its Rainy Day Fund During Boom Times1 day ago
The Week in Public Finance: The Motherly Advice Edition4 days ago
Can Income Tax Cuts Boost a State's Economy?5 days ago
California Court Eliminates Hurdle to High-Speed Rail5 days ago
State Income Tax Revenue Is Increasingly Volatile1 week ago