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
Why Tax Incentives Could Change One State's Constitution2 hours ago
As Retirees Outnumber Employees, Pensions Seek Saviors11 hours ago
The Week in Public Finance: Pension Take Three in California, 'Paid' for Success and Cashing Out4 days ago
Amid 99-Day Budget Impasse, Pennsylvania Lawmakers Reject Governor's Plan5 days ago
Small Businesses Push for Transparency in Online Lending5 days ago
Florida Mortgage Program Not Helping Homeowners Enough6 days ago