revenue obligation

economics

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July 19, 2026

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A revenue bond is a type of bond issued by a public agency, such as a municipality or state, to fund projects like toll roads or public transit systems. Unlike general obligation bonds, which are backed by the full faith and credit of the issuing entity and repaid through various taxes, revenue bonds are specifically repaid using the income generated by the project they finance. This structure allows municipalities to bypass debt limits and can sometimes offer higher interest rates than general obligation bonds.12

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public debt
…guaranteed by the government), or revenue obligation (backed by anticipated revenues from government-owned commercial enterprises such as toll highways, public utilities, or transit systems, and not by taxes), (3) by location of the debt, as internal (held within the government’s jurisdiction) or external (held by a foreign jurisdiction), or (4)…
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…guaranteed by the government), or revenue obligation (backed by anticipated revenues from government-owned commercial enterprises such as toll highways, public utilities, or transit systems, and not by taxes), (3) by location of the debt, as internal (held within the government’s jurisdiction) or external (held by a foreign jurisdiction), or (4)…
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