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
Indiana's New GOP Governor Calls for Tax Hike to Fund Roads2 hours ago
Nevada Governor Pushes Pot Tax on Legislators2 hours ago
Moody's Settles With States for $863.7M Over Misleading Ratings22 hours ago
GOP Vows to Defund Planned Parenthood. As States Learned, That's Hard.23 hours ago
Airbnb's Tax Deal With Kansas May Be Model for Midwest1 day ago
Missouri's Days-Old Governor Cuts $146 Million From Budget1 day ago